Carmen Company projects the following sales for the first three months of the year: $10,600 in January; $11,600 in February; and $10,400 in March. The company expects 70% of the sales to be cash and the remainder 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 . Round to the nearest dollar. Read the requirements. Requirement 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 60% in the month of the sale, 30% in the month following the sale, and 10% in the second month following the sale. What is the balance in Accounts Receivable on March 31 ? (If an input field is not used, leave the input field emply. Do not enter a zero.) Carmen Company projects the following sales for the first three months of the year; $10,600 in January; $11,600 in February; and $10,400 i March. The company expects 70% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month sale and 50% in the following month. The Accounts Receivable acoount has a zero balance on January 1 . Round to the nearest dollar. Read the Carmen Company projects the following sales for the first three months of the year: $10,600 in January; $11,600 in February; and $10 March. The company expects 70% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the sale and 50% in the following month. The Accounts Receivable acoount has a zero balance on January 1. Round to the nearest dollar. Read the February-Credit sales, collection of February sales in February Fobruary_Credit sales, collection of February sales in March March-Cash sales March-Credit sales, collection of March sales in March Total cash receipts from customers Accounts Receivable balance, March 31: Credit sales, collection in April and May