Climbers expects total sales of $702,500 for January and $351,000 for February. November sales totaled $392,000 and December sales were $405,000. The following schedule of cash receipts for January and February was prepared based upon the collection history given: (Click the icon to view the collection history.) (Click the icon to view the schedule of cash receipts.) Now assume that ors sales are colected as 50% in the month of the sale 40% in the month after the sale 9% two months after the sale 1% never collected Prepare a revised schedule of cash receipts for January and February, including the calculation for the Net Accounts Receivable balance on February 28. Prepare a schedule of cash receipts from customers for January and February. (If an input field is not u Cash Receipts from Customers Total sales Cash Receipts from Customers: Nov.-Credit sales, collection of Nov. sales in Jan. Dec.-Credit sales, collection of Dec. sales in Jan. Dec.-Credit sales, collection of Dec. sales in Feb. Jan.-Credit sales, collection of Jan. sales in Jan. Jan.-Credit sales, collection of Jan. sales in Feb. Feb.-Credit sales, collection of Feb. sales in Feb. Total cash receipts from customers Determine the Net Accounts Receivable balance on February 28. January February January February Included in Reference Cash Receipts from Customers: Nov.-Credit sales, collection of Nov. sales in Jan. $ Dec.-Credit sales, collection of Dec. sales in Jan. Dec.-Credit sales, collection of Dec. sales in Feb. Jan.-Credit sales, collection of Jan. sales in Jan. Jan.-Credit sales, collection of Jan. sales in Feb. Feb.-Credit sales, collection of Feb. sales in Feb. Total cash receipts from customers Print Done January February 70,560 81,000 $ 72,900 421,500 140,500 210,600 $ 573,060 $ 424,000 >