Graham Company projects the following sales for the first three months of the year: $11, 200 in January: $12, 300 in February: and $10, 400 in March. The company expects 80% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Requirement 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 60% in the month of the sale. 35% in the month following the sale, and 5% in the second month following the sale. What is the balance in Accounts Receivable on March 31? (Leave unused and zero balance account cells blank, do not enter "0".)