Aretes expects total sales of $702,500 for January and $348,000 for February. Assume that Aretes' sales are collected as follows: November sales totaled $391,000, and December sales were $399,000. 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.

Aretes expects total sales of $702,500 for January and $348,000 for February. Assume that Aretes' sales are collected as follows: (Click the icon to view the collection history.) 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; do not enter a zero.) Cash Receipts from Customers More info 40% in the month of the sale 30% in the month after the sale 25% two months after the sale 5% never collected