Swed Help Save & Exit Submit Ed's Waterbeds has made the following sales projections for the next six months. All sales are credit sales. 7 March April May $ 43,000 June 49,eee July 38.609 August $ 47.600 55,600 57,00 Sales in January and February were $46,000 and $45,000 respectively Experience has shown that 10 percent of total sales are uncollectible 35 percent are collected in the month of sale, 45 percent are collected in the following month, and 10 percent are collected two months after sale a. Prepare a monthly cash receipts schedule for the firm for March through August int Once January 06.000 Ed's Waterbeds Cash Receipts Schedule February March $ 45000 $ 41000 Sales Collections of current sales Collections of prior month's sales Collections of sales 2 months earlier April 5 49000 Total cash receipts