ABC has a 30-day collection period. Sales for the next calendar year are estimated at $1.950, 52,100, 52,650 and $3,200, respectively, by quarter, starting with the first quarter of the year. Given this information, which one of the following statements is correct? Assume a year has 360 days. -The accounts receivable balance at the beginning of Quarter 4 will be $940 The end of Quarter 4 accounts receivable balance will be $2,133 The Quarter 4 collections will be $3,017 The Quarter 3 collections will be $2,375 The Quarter 2 collections will be $2,000. inn