1. Omar Inc, manufactures fidget spinner toy, Management is now preparing detailed budgets for the third quarter. Following information to assist in preparing the budget: a sales budget as follows for the remainder of the third quarter as follow August 280.000 September 200.000 Sales (in dollars) 240,000 a. All sales on account, sales are expected to be collected in the following pattern 40% 50% 10% in the month of sale in the month following sale in the second month following sale a May sales is $160,000 and June Sales is $190,000 Prepare schedule of expected cash collections, by month and for the second quarter, then answer the following questions related to this budget 1- what is the amount of accounts receivable