16. Crowley Company projects the following sales: E (Click on the icon to view the projected sales.) Crowley collects sales on account in the month after the sale. The Accounts Receivable balance on January 1 is $13,500, which represents December's sales on account. Crowley 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 20% of the total. Data Table Begin by computing the cash sales and sales on account for each month if cash sales are only 20% of the total. February January March January February March Cash sales (20%) Cash sales (25%) 5,000 $ 5,500 $ 6,000 15,000 16,500 18,000 Sales on account (80%) Sales on account (75%) 20,000 $ 22,000 $ 24,000 20,000 $ 22,000 $ 24,000 Total sales Total sales Now, recalculate cash receipts from customers for each month if cash sales are only 20% of the total. Data Table January February March Cash receipts from cash sales Cash receipts from sales on account January February March Total cash receipts from customers Cash receipts from cash sales $4 5,000 $ 5,500 $ 6,000 13,500 15,000 16,500 Cash receipts from sales on account 2$ 18,500 $ 20,500 $ 22,500 Total cash receipts from customers Print Done Enter any number in the edit fields and then continue to the next