Schedule of cash collections of accounts receivable pet place supplies inc., a pet wholesale supplier, was organized on may 1. projected sales for each of the first three months of operations are as follows: may $134,000 june 155,000 july 169,000 all sales are on account. sixty-five percent of sales are expected to be collected in the month of the sale, 30% in the month following the sale, and the remainder in the second month following the sale. prepare a schedule indicating cash collections from sales for may, june, and july. enter all amounts as positive numbers.