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Jasper Company has sales on account and for cash. Specifically, 59% of its sales are on account and 41% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $531,000 for April, $541,000 for May, and $566,000 for June. The beginning balance of Accounts Receivable is $292,400 on April 1 Prepare a schedule of budgeted cash receipts for April, May, and June April May June Cash sales 41%, $ 217,7|of $ 221,810r $ 232,060 333,940 $ 531,000$ 541,000 $ 566,000 Sales on account 59% 313,290 319,190 Total sales JASPER COMPANY Schedule of Cash Receipts For April, May, and June April May June Cash receipts from Cash sales $ 217,710$ 221,810 $ 232,060 319,190 $ 510,110$ 535,100 $ 551,250 Collection of accounts receivable 292,400 313,290 Total budgeted cash receipts

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