16. Crowley Company projects the following sales: EE(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: EE(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. Begin by computing the cash sales and sales on account for each month if cash sales are only 20 % of the total. Data Table January February March Cash sales (20 % ) Sales on account (80 %) January February March $ 20,000 S 22.000 $ 24,000 Total sales 5,000 $ 6,000 Cash sales (25 % ) 5,500 $ 16,500 18,000 15,000 Sales on account (75 % ) Now, recalculate cash receipts from customers for each month if cash sales are only 20 % of the total. 20,000 $ 22,000 $ 24,000 Total sales February January March Cash receipts from cash sales Print Done Cash receipts from sales on account Total cash receipts from customers Data Table February January March 5,500 $ Cash receipts from cash sales 5,000 $ 6,000 13,500 15,000 16.500 Cash receipts from sales on account 18,500 $ 20,500 $ 22,500 Tolal cash receipts from customers