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Data table 49,000 240,000 Accounts receivable (January 1, 2020) Budgeted sales in Quarter 1 (January 1 to March 31, 2020) Budgeted sales in Quarter 2 (April 1 to June 30, 2020) Budgeted sales in Quarter 3 (July 1 to September 30, 2020) Budgeted sales in Quarter 4 (October 1 to December 31, 2020) 250,000 225,000 245,000 Brighter Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year 2020. B Click the icon to view the additional information.) All sales are made on account with 65% of sales made in a quarter collected in the same quarter and 35% collected in the following quarter. Calculate the cash collected from receivables in each of the 4 quarters of 2020. (If an input field is not used in the table, leave the input field empty; do not enter a zero.) Schedule of Cash Collections Quarters 1 2 3 4 49,000 156,000 85750 Accounts receivable balance on 1-1-2020 (Fourth-quarter sales from prior year) From first-quarter 2020 sales From second-quarter 2020 sales From third-quarter 2020 sales From fourth-quarter 2020 sales Total collections The McGrath Company has prepared a sales budget of 41,000 finished units for a 3-month period. The company has an inventory of 10,000 units of finished goods on hand at December 31 and has a target finished goods inventory of 12,000 units at the end of the succeeding quarter. It takes 2 gallons of direct materials to make one unit of finished product. The company has inventory of 68,000 gallons of direct materials at December 31 and has a target ending inventory of 50,000 gallons at the end of the succeeding quarter. How many gallons of direct materials should McGrath Company purchase during the 3 months ending March 31? Select the labels and enter the amounts to calculate the direct materials (gallons) to be purchased. Direct Material Purchases Budget For the 3 Months Ending March 31 Purchases to be made (in gallons) The Benesch Company expects sales in 2021 of 205,000 units of serving trays. Benesch's beginning inventory for 2021 is 12,000 trays, and its target ending inventory is 26,000 trays. Compute the number of trays budgeted for production in 2021. Select the labels and enter the amounts to calculate the units of finished goods (trays) to be produced. Units of finished goods to be produced