3. Use the following information to compute the Cash Receipts Budget for JKL Company for the first quarter of 2020. JKL sells its products both on cash basis and on account. The Cash sales are immediately recorded but Sales on account are collected 70% in the month of sale and the balance is collected, the month immediately after the sale. December sales are: Cash $100,000 and Sales on Account are $200,000.00 January 2020 Sales are: Cash $200,000 and Sales on Account are $50,000.00 February 2020 Sales are: Cash $150,000 and Sales on Account are $60,000.00 Fill the blanks: a. Total Cash Collected in January is: $--- b. Total Cash Collected in February is