Current Attempt in Progress In the coming year, Urayse, Inc will be introducing its first product a wrist brace that protects serious video gamers from repetitive motion injuries. The brace will be sold for $1125 to retailers throughout the country. All sales will be made on account Anexpected 65% of sales will be collected within the quarter of the sale, and another 30% in the quarter following the sale The remaining 5% of credit sales are expected to be uncollectible. The sales budget for the coming year is as follows: 1st Quarter 2nd Quarter 4th Quarter Budgeted sales units Brd Quarter 50.000 25,000 40,000 80,000 Prepare Urayse, Inc's cash receipts budget for the coming year. (Erter answers in necessary fields oraly. Lecve other fields blank. Do not enter O. Round "Budgeted sale price and Cash Receipts Budgets"answers to 2 decimal places, eg 5275 and all other answers to O decimal places, eg. 51275) Sales Budget 1st Quarter 2nd Quarter 3rd Quarter Budgeted units sold Budgeted sales price $ $ 5 Budgeted sales revenue S 1st Quarter Cash Receipts Budget 3rd Quarter 2nd Quarter 4th ist quarter sales S 5 2nd quarter sales 3rd quarter sales 4th quarter sales Totais S 5 S Determine the Net Accounts Receivable at the end of the year Net Accounts Receivable In the coming year, Unayse, Inc will be introducing its first preluct, a wrist trace that protects serious video urrsfrom repetitive motion injuries. The brace will be sold for $1125 to retailers throughout the country. All sales will be mule on account. Anexpected 65% of sales will be collectext within the quarter of the sale, and arwyther 30% in the quarter following the sale. The remaining 5% of credit sales are expected to be uncollectible The sales bxadget for the coming year is follows 1st Quarter 25.000 2nd Quarter 40,000 3rd Quarter 50,000 1th Outer B0,000 Budgeted sales units Prepare Urayse, Inc's cash receipts budget for the coming year. (Enter crows in resory faide only the bark. Doned enter 0 Rourne "Badsperted sale parion" enrod "Whers Runcimbols Budwetu" arisswers to 2 decimal palocs 525 ardaloerswers to decimal places, s. 5,275) Sales Budget 3rd Quarter Quarter 4th Quarter Annual $ $ $ $ S Cash Receipts Budget 3rd Quarter 1 Quarter 4th Quarter Bad Debts $ $ S 5 s 5 Determine the et Accounts Receivable at the end of the year Ne Accounts Receivable 5