Czar Company was organized on January 1 of the current year. Projected sales for the next three months are as follows: January $400,000 February 300.000 March 500,000 The company expects to sell 40% of its merchandise for cash. Of the sales on account. 40% are expected to be collected in the month of the sale and the remainder in the following month. Prepare a schedule indicating Total Collections for FEBRUARY only You do not have to prepare a table but show all your calculations, SHOW YOUR CALCULATIONS TO GET ANY CREDIT