Average collection cycle. Use the following account information to find the average collection cycle for Rian Company. 2013 and 2014 Selected Balance Sheet Accounts of Rian Company 12/31/14 12/31/13 Change Accounts receivable Inventory Accounts payable $29,005 $34,829 $5,824 $41,121 $43,985 $2,864 $20,837 $19,368 $1,469 2014 Selected Income Statement Items for Rian Company Cash sales Credit sales $327,000 $407,000 What is the average collection cycle for Rian Company? Cash flow of accounts receivable. Myers and Associates, a famous law firm in California, bills its clients on the first of each month. Clients pay in the following fashion: 40% pay at the end of the first month, 30% pay at the end of the second month, 20% pay at the end of the third month, 5% pay at the end of the fourth month, and 5% default on their bills. Myers wants to know the anticipated cash flow for the first quarter of 2015 if the past billings and anticipated billings follow this same pattern. The actual and anticipated billings are as follows: Fourth Quarter Actual Billings Oct. $384,000 Nov. $306,000 First Quarter Anticipated Billings Dec. $289,000 Jan. $331,000 Feb. $353,000 Mar. $414,000 What is the anticipated cash flow for January of 2015 if past billings and anticipated billings follow this same pattern?