Aretes expects total sales of $699,000 for January and $349,000 for February. Assume that Aretes' sales are collected as follows: (Click the icon to view the collection history.) November sales totaled $395,000, and December sales were $402,000. Prepare a schedule of cash receipts from customers for January and February, including the calculation for the Net Accounts Receivable balance on February 28. Round answers to the nearest dollar - X More Info Prepare a schedule of cash receipts from customers for January and February. (If an input field is not used in the table leave the input field empty, Cash Receipts from Customers January February $ 699,000 $ 349,000 Total sales 40% in the month of the sale 30% in the month after the sale 28% two months after the sale 2% never collected January February $ 110,600 120,600 Cash Receipts from Customers: Nov.Credit sales, collection of Nov. sales in Jan. Dec.Credit sales, collection of Dec. sales in Jan. Dec.Credit sales, collection of Dec. sales in Feb. Jan.Credit sales, collection of Jan. sales in Jan. Jan.Credit sales, collection of Jan. sales in Feb. Feb.Credit sales, collection of Feb. sales in Feb. $ 112,560 Print Done 279,600 209,700 139,600 $ 510,800 $ 461,860 Total cash receipts from customers Determine the Net Accounts Receivable balance on February 28. Included in Accounts Receivable at February 28 Dec.-Credit sales, collection of Dec. sales in Jan. Determine the Net Accounts Receivable balance on February 28. Included in Accounts Receivable at February 28 Net Accounts Receivable balance on February 28 February Nov.-Credit sales, collection of Nov. sales in Jan. 300 Dec.--Credit sales, collection of Dec. sales in Jan. 500 $ 112,560 Dec.-Credit sales, collection of Dec. sales in Feb. 500 Jan.-Credit sales, collection of Jan. sales in Jan. 209,700 139,600 Jan.-Credit sales, collection of Jan, sales in Feb. 300 $ 461,860 Jan.-Credit sales, collection of Jan. sales in Mar. Feb.-Credit sales, collection of Feb. sales in Feb. Feb.--Credit sales, collection of Feb. sales in Mar. Included in Accounts Receivable at February 28 Feb.--Credit sales, collection of Feb. sales in Apr