create a Schedule of Cash Receipts $($cash collections$)$ with the following information:

$-$ A listing of the estimated balances in the company$$s ledger accounts as of December $31,2022$ is given below:

Assets

Cash $ $83,214$

Accounts receivable $347,938$

Inventory$-$raw materials $($Notsoi$)15,750$

Inventory$-$finished goods $22,365$

Prepaid Insurance $46,000$

Capital assets $($net$)724,000$

Goodwill $1000$

Total assets $$1,240,267$

$-$ Sales are on a cash and credit basis, with $70\%$ collected during the month of the sale, $20\%$ the following month, and $9\mathrm{.}5\%$ the month thereafter. $(1)/(2)$ of $1\%$ of sales are considered uncollectible $($bad debt expense$).$

Sales in November and December $2022$ are expected to be $$712,500$ and $$950,000$ respectively. Based on the above collection pattern this will result in Accounts Receivable of $$347,938$ at December $31,2022$ which will be collected in January and February, $2023.$