The forecasted sales for August September October November and December are R860 000 R880 000 R900 000 R920 000 and R960 000 respectively All sales are on credit The company expects an average of 5% bad debts Cash is received from credit sales as follows 50 % in the first month following sale 30 % in the second month following sale 15 % in the third month following sale Complete the following table showing the receivables collection schedule for December 2020 (No Rand signs no spaces no cents no negative signs no blanks - use a 0 if no cash inflow) Receivables collection schedule for December 2020 August sales September sales October sales November sales December sales TOTAL CASH RECEIVABLE