ABC company began operations on January 1. Its credit sales for the first quarter of operations were as follows: Month Credit Sales January $60,000 February $55,000 March $65,000 Throughout the quarter, the firm's credit customers payments pattern was as follows: 20% paid in the month of sale, 50% paid in the first month following the sale, and 30% paid in the second month following the sale. Assuming a quarter is 90 days, use the information to compute the following: 1) Receivables balance at the end of the quarter. 2) ADS for Q1. 3) DSO for Q1. ABC company began operations on January 1. Its credit sales for the first quarter of operations were as follows: Month Credit Sales January $60,000 February $55,000 March $65,000 Throughout the quarter, the firm's credit customers payments pattern was as follows: 20% paid in the month of sale, 50% paid in the first month following the sale, and 30% paid in the second month following the sale. Assuming a quarter is 90 days, use the information to compute the following: 1) Receivables balance at the end of the quarter. 2) ADS for Q1. 3) DSO for Q1