The company estimates 20% of a month's sales are collected in the month of sale, another 60% are collected in the month followi Sate, and the resmaining 20% arr colfected in the second month following sale. Bad debts are negligible and can be ignored. Febr sales totaied $430.000, and March sales totaled $460.000 Required: 1 Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter 2. What is the accounts recelvable batance on June 30th? Complete this question by entering your answers in the tabs below. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter