Elizabeth Brown, Sheridan & William Fabricators' accounts receivable manager, has just received the company's sales budget for the first quarter. January $528,000 February $594,000 Budgeted revenue March $770,000 Quarter $1,892,000 The company makes all sales on credit. Elizabeth 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 receivables from December's sales. Prepare Sheridan & William's cash receipts budget for the first quarter. (Enter answers in necessary fields only. Leave other fields blank. Do not enter O) Do not enter 0.) January Cash Receipts Budget February March $ December credit sales $ $ $ January sales February sales March sales Totals $ $ $ Determine the Net Accounts Receivable at the end of the quarter. Assume that there are no outstanding accounts receiva allowance for doubtful accounts balances at the beginning of December for the prior year. Net Accounts Receivable $ Total Cash Receipts Uncollectible $ $ $ $