16. Cain Company projects the following sales: (Click on the icon to view the projected sales.) Cain collects sales on account in the month after the sale. The Accounts Receivable balance on January 1 is $12,800, which represents Decembers sales on account. Cain projects the following cash receipts from customers: EEB (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 35% of the total. Begin by computing the cash sales and sales on account for each month if cash sales are only 35% of the total. January February March Cash sales (35%) Sales on account (65%) Total sales Now, recalculate cash receipts from customers for each month if cash sales are only 35% of the total. $28,000 $ 32,000$ 36,000 January February March Cash receipts from cash sales Cash receipts from sales on account Total cash receipts from customers Data Table January February $12,600 $14,400 $ March Cash sales (45%) Sales on account (55%) Total sales 16,200 19,800 36,000 15,400 17,600 $28,000 $ 32,000 $ Print Done Data Table January February March Cash receipts from cash sales Cash receipts from sales on account Total cash receipts from customers 12,600 $ 12,800 25,400 $ 14,400 $ 15,400 29,800 $33,800 16,200 17,600 Print Done