Help Save & Exit Submit Check my work Simpson Glove Company has made the following sales projections for the next six months. All sales are credit sales March $60,000 June $66, 000 April 69,000 July 77,000 12.5 May 51,000 August 81,000 points Skipped Sales in January and February were $41,000 and $39,000, respectively. Experience has shown that of total sales receipts 5 percent are uncollectible, 50 percent are collected in the month of sale, 40 percent are collected in the following month, and 5 percent are collected two months after sale. eBook Prepare a monthly cash receipts schedule for the firm for March through August Hint Simpson Glove Company Print Cash Receipts Schedule May June References January February March April $ Sales $ $ $ $ Collections of current sales Collections of prior month's sales Collections of sales 2 months earlier Total cash receipts Mc Prey 1 of 8 Next &gt