Exercise 14-3 Preparing a schedule of cash receipts LO 14-2 The budget director of Natalia's Florist has prepared the following sales budget The company had $200 00 in accounts receivable on July 1 Natalia's Florist normally collects 100 percent of accounts receivable in the month following the month of sale. Required a. Complete the schedule of cash receipts by illing in the missing amounts July August Soptember Sales Budget Cash sales Sales on account 71,000 80,000$ 89,000 86,000000 121,600 157,000 197,000 $210,600 Total budgeted sales Schedule of Cash Receipts Current cash sales Plus: Collections from accounts receivable Total budgeted collections 271,000 $ 166,000 $206000 b. Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet