16. Callarman Company projects the following sales: F: (Click on the icon to view the projected sales.) Callarman collects sales on account in the month after the sale. The Accounts Receivable balance on January 1 is $12,100, which represents December's sales on account. Callarman projects the following cash receipts from customers: (Click on the icon to view the cash receipts from customers.) Data Table 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. March January February March Cash receipts from cash sales $ January February 3,400 $ 2,400 $ 12,100 30,600 Cash sales (5%) Sales on account (95%) 2.300 21,600 Cash receipts from sales on account $ 15,500 $ 33,000 $ 23,900 $ 34,000 $ 24,000 $ 23,000 Total cash receipts from customers Total sales Now, recalculate cash receipts from customers for each month if cash sales are only 5% of the total. Print Done January February March Cash receipts from cash sales Cash receipts from sales on account - X Data Table Total cash receipts from customers March Cash sales (10%) January February 3,400 $ 2,400 $ 30,600 21,600 GA 2.300 20,700 Sales on account (90%) $ 34,000 $ 24,000 $ 23,000 Total sales Print Done