Graham Potato Company has projected sales of $7.200 in September $11,000 in October $17.200 in November, and $13,200 in December of the company's sales, 20 percent are paid for by cash and 80 percent are sold on credit. Experience shows that 40 percent of accounts receivable are paid in the month after the sale, while the remaining 60 percent are paid two months after Determine collections for November and December Also assume Graham's cash payments for November and December are $14,500 and $7,000, respectively. The beginning cash balance in November is $5,000 $5,000, which is the desired minimum balance. There is no bank loan outstanding at the beginning of November Required: A. Prepare a cash receipts schedule for November and December (enter all numbers as positive whole numbers) Sep Oct Nov Total sales $7,200 $11,000 $17,200 $13,200 Credit sales Dec $ $ Cash sales One month after the sale Two months after the sale Total cash receipts $