The Total Estimated Sales For Thx G Pet Stop Inc., a pet wholesale su: x + :/4/4@0.00:3.57 Chapter 13 Budgeting and Standard Costs E13-13 Schedule of cash collections of accounts receivable Pet Stop Inc., a pet wholesale supplier, was organized on May 1. Projected sales for each of the first three months of operations are as follows: May June July $1,200,000 1,800,000 2,200,000 All sales are on account. Of sales on account, 60% are expected to be collected in the month of the sale, 30% in the first month following the sale, and the remainder in the second month following the sale. Prepare a schedule indicating cash collections from sales for May, June, and July