Use the following information to answer Questions JI Andrea's Shop sells china, silverware and kitchenware. A popular service is the wedding registry service, which includes free gift wrapping and delivery of gifts to local brides. Andrea accepts cash, cheques and credit cards (Visa, MasterCard and American Express). These payment methods have the following characteristics: Cash Payment is immediate; no fee is charged. Cheque Payment is immediate. The average amount per cheque from a customer is $37.50. The bank charges $0.25 service charge per cheque. A total of 1% of cheque revenue is from "bad" cheques that Andrea cannot collect. Visa/MasterCard Andrea accumulates the credit card receipts throughout the month and submits them in one bundle for payment on the last day of the month. The money is credited to Andrea's account by the 5th day of the following month. A fee of 1.5 % is charged by the credit card company. American Express Andrea accumulates the receipts throughout the month and sends them for payment on the last day of the month. American Express credits Andrea's account by the 6th day of the following month. A fee of 3.5% is charged by American Express. Payment methods as a % of sales are broken down as follows: American Express: 20% of sales VISA/MasterCard: 50% of sales Cheque: 5% of sales Cash: 25% of sales Required: Andrea estimates sales of $30,000 in April and $60,000 in May. Complete the following Schedule a Cash Receipts for May and compute the shop's net cash receipts for May