14. Camen Company projects the following sales: R (Click on the icon to view the projected sales.) Camen collects sales on account in the month after the sale. The Accounts Receivable balance on January 1 is $12,400, which represents December's sales on account. Camen projects the following cash receipts from customers: (Click on the icon to view the cash receipts from customers.) Recalculate cash receipts from customers if total sales remain the same but cash sales are only 5% of the total. Begin by computing the cash sales and sales on account for each month if cash sales are only 5% of the total. January February March Cash sales (5%) Sales on account (95%) Total sales 24,000 $ 25,000 $ 22,000 Now, recalculate cash receipts from customers for each month if cash sales are only 5% of the total January February March Cash receipts from cash sales Cash receipts from sales on account Total cash receipts from customers