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10. Toronto Express expects total sales of $697,500 for January and $345,000 for February. Assume that Toronto's sales are collected as follows: 60% in the
10. Toronto Express expects total sales of $697,500 for January and $345,000 for February. Assume that Toronto's sales are collected as follows: 60% in the month of the sale 20% in the month after the sale 17% two months after the sale 396 never collected November sales totaled $389,000, and December sales were $401,000. Prepare a schedule of cash receipts from customers for January and February. Round answers to the nearest dollar
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