26. Sales level in units that Ender must reach to earn a profit of $182,400.

The budget director of Natalias Florist has prepared the following sales budget. The company had $380,000 in accounts receivable on July 1. Natalias Florist normally collects 100 percent of accounts receivable in the month following the month of sale.

Required

a.

Complete the schedule of cash receipts by filling in the missing amounts. JULY AUGUST SEPTEMBER SALES BUDGET Cash Sales $62,000 $83,000 $78,000 Sales on account $88,000 $99,000 $134,600 Total budgeted sales $150,000 $182,000 $212,600 SCHEDULE OF CASH RECEIPTS Current cash sales ________ _________ ___________ PLUS: collection from accounts receivables ________ ________ ___________ Total budgeted collections $442,000 $171,000 $177,000 b. Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet.