Splish Company has the following sales projections for its second and third quarters: April May June July August September $170,000 $190,000 $210,000 $230,000 $220,000 $200,000 Normal cash collection experience has been that 55% of sales are collected during the month of sale, 30% in the month following sale, and 10% in the second month following sale. The remaining 5% of sales is never collected. Prepare the schedule of cash collections for the third quarter, by month and in total. Cash Collection Schedule Jul. Aug. Sep. 3rd Qtr Total planned sales $ S Credit sales collected during month Credit sales collected one month later $ Credit sales collected two months later