The sales budget for Perrier Inc. is forecasted as follows: To prepare a cash budget, the company must determine the budgeted cash collections from sales. Historically, the following trend has been established regarding cash collection of sales: 60 percent In the month of sale. 20 percent In the month following sale. 15 percent in the second month following sale. 5 percent uncollectible. The company gives a 2 percent cash discount for payments made by customers during the month of sale. the accounts receivable balance on April 30 is $22,000, of which $7.000 represents uncollected March sales and $15,000 represents uncollected April sales. Prepare a schedule of budgeted cash collections from sales for May, June and July include a three month summary of estimated cash collections