Dorothy Taylor, Vaughn \& Thomas Fabricators' accounts receivable manager, has just received the company's sales budget for the first quarter. The company makes all sales on credit. Dorothy recently reviewed the company's collection history and found that 72% of the sales are collected in the month of the sale, 26% of sales are collected in the month following the sale, and 2% of sales are uncollectible. The company expects to have an accounts receivable balance of $98,200 on January 1 , and this amount represents the remaining recelvables from December's sales. Prepare Vaughn \& Thomas's cash receipts budget for the first quarter. (Enter answers in necessary fieids only. Leave other fields blank. Do not enter 0 .) Determine the Net Accounts Receivable at the end of the quarter. Assume that there are no outstanding accounts receivable and allowance for doubtful accounts balances at the beginning of December for the prior year. Net Accounts Receivable