Accounts receivable management The table below shows that Blair Supply had an end-of-year accounts receivable balance of $300,000. The table also shows how much of the receivables balance originated in each of the previous 6 months. The company had annual sales of $2.4 million, and it normally extends 30-day credit terms to its customers. Month of origin July August September October November December Year-end accounts receivable Accounts receivable $ 3,875 2,000 34,025 15,100 52,000 193,000 $300,000 a. Use the year-end total to evaluate the firms collection system. b. If 70% of the firms sales occur between July and December, would this informa-tion affect the validity of your conclusion in part a? Explain.