2. Award: 10.00 points The Litzenberger Company has projected the following quarterly sales amounts for the coming year Q1 $800 $830 $910 $990 02 03 Q4 Sales a. Accounts receivable at the beginning of the year are $390. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. A negative answer should be indicated by minus sign.) Q1 Q2 Q3 04 310 $ 360 $ Beginning receivables Sales Cash collections 800 830 910 990 Ending receivables b. Recalculate the cash collections with a collection period of 60 days. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. A negative answer should be indicated by a minus sign.) Q1 Q2 Q3 Beginning receivables Sales Cash collections 800 830 910 Ending receivables o. Recalculate the cash collections with a collection period of 30 days. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. A negative answer should be indicated by a minus sign.) 01 02 Q3 Q4 Beginning receivables Sales Cash collections 800 830 910 990 Ending receivables