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Swifty Company's budgeted sales and direct materials purchases are as follows: Swifty's sales are 4 0 % cash and 6 0 % credit. Credit sales

Swifty Company's budgeted sales and direct materials purchases are as follows:
Swifty's sales are 40% cash and 60% credit. Credit sales are collected 20% in the month of sale, 50% in the month following sale, and
26% in the second month following sale; 4% are uncollectible. Swifty's purchases are 50% cash and 50% on account. Purchases on
account are paid 40% in the month following the purchase and 60% in the second month following the purchase.
(a)
Prepare a schedule of expected collections from customers for April, May, and June.
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