The Doak Company has projected the following quarterly sales amounts for the coming year:

a. Accounts receivable at the beginning of the year are $1,700. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following:

b. Rework part (a) assuming a collection period of 60 days.c. Rework part (a) assuming a collection period of 30 days.

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Q1 Q2 Q3 Q4 Sales $3,900 $4,700 $4,300 $3,600 Q1 Q2 Q3 Q4 Beginning receivables Sales Sales Cash collections Ending receivables