Calculating Cash Collections [LO3] The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming 2 year: Q1 Q2 Q3 Q4 Sales $850 $880 $960 $1,040 a. Accounts receivable at the beginning of the year are $365. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following: Q1 Q2 Q3 Q4 Beginning receivables Sales Cash collections Ending receivables b. Rework (a) assuming a collection period of 60 days. c. Rework (a) assuming a collection period of 30 days