please answer this asap!!

Silver Compary makes a product that is very popular as o Mother's Day gift. Thus, peak sales occur in Mery of each yeac, as shown in the cempany's sales budget for the second quarter given betow: From past experience, the company has learned that 25% of a month's sales are collected in the month of sale, arvother 60%, wre collected in the month following sale, and the remaining is\% are collocted in the second month following sale, Bad debts are negllgible and can be lgnored. February sales totaled $260,000, and March sales totaled $290.000. Required: 1. Propare a schedule of expected cash collections from sales, by month and in totol, for the second quarter. 2. What is the accounts recelvable balance on June 30 th? Complete this question by entering your answers in the tabs below. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter