12 Parker Company has forecast its sales as follows: 10 points November December January February March April $190,000 (actual) $240,000 (actual) $280,000 $300,000 $350,000 $320,000 00.2504 Parker hos experienced collections of 55% during the month of sale, 385 the month after the sole, and 7% the second month after the sale Required: a. Prepare a schedule of cash receipts for the 4-month period January - Apni, b. What will the Accounts Receivable balance be on April 30