A company expects total sales of $450,000 in February and $400,000 in March. They expect all sales to be on account, and they expect to collect 60% of the sales in the month of the sale, 35% in the month after the sale, and 5% will never be collected. 1. Calculate the total cash receipts from customers in March, (Hint: You will need to calculate the beginning balance in AR for Mareh) 2. Calculate the Accounts Receivable balance as of March 31