2. Ann Marie Roopchand Company has forecast its sales as follows: $180,000 (actual) August September $280,000 (actual) October $360,000 November $400,000 December $450,000 The company has experienced collections of 40% during the month of sale, 50% the month after the sale, and 10% the second month after the sale. Required: a. Prepare a schedule of cash receipts for the 3 month period October - December. b. What will the Accounts Receivable balance be on December 31