led: BFIN 250 Fall 21 Exam 2 Help Save & Exit Ed's Waterbeds has made the following sales projections for the next six months All sales are credit sales March April Moy $60,000 June 46,000 July 25,000 Ant $4,000 52.000 56,000 Sales in January and February were $13,000 and $42.000 respectively, Experience has shown that 10 percent of total sales are uncollectible, 30 percent are collected in the month of sale 40 percent are collected in the following month and 20 percent are collected two months after sale a. Prepare a monthly cash receipts schedule for the firm for March through August Ed's Waterber Cish lecoipts Schedule January February March Sale $ $ Collections of current sales Collections of prior the sales Collections of sal months earlier Total cash receipts May June Apps $ b. or the sales expected to be made during the six months from March to August, how much will still be uncollected at the end of August? How much of this is expected to be collected later? mount collect perted to be tollected