Preparing a Schedule of Cash Collections on Accounts ReceivableWeiland and Company is a medical billing services firm. All sales of billing services are billed to the client (there are no cash sales). Weiland expects that, on average, 15% will be paid in the month of billing, 40% will be paid in the month following billing, and 42% will be paid in the second month following billing. For the next 5 months, the following sales billings are expected:May $184,000June 192,000July 207,000August 175,000September 164,000Required:Prepare a schedule showing the cash expected in payments on accounts receivable in August and in September. If an amount box does not require an entry, enter "0".Schedule for Cash Collections on Accounts for Cash Collections on Accounts ReceivableAugust SeptemberJune: $ × % $ $July: $ × % $ × % August: $ × % $ × % September: $ × % Total cash receipts $ $