Avery Company projects the following sales for the first three months of the year $13,500 in January: $14,600 in February, and $13,400 in March. The company expects 80% of the on account Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1 Rour Read the requirements Requirement 1. Prepare a schedule of cash receipts for Avery for January, February, and Match What is the balance in Accounts Receivable on March 317? (an input field is not Do not enter a zero.) Cash Receipts from Customers January February March Total Total sales January February March Total Cash Receipts from Customers: Accounts Receivable balanco, January 1 January-Cash sales Liis nifi flani in 1. Prepare a schedule of cash receipts for Avery for January, February, and March. What is the balance in Accounts Receivable on March 31? 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 60% in the month of the sale, 10% in the month following the sale, and 30% in the second month following the sale. What is the balance in Accounts Receivable on March 31