Grippers expects total sales of $700,500 for January and $353,000 for February. November sales totaled $393,000 and December sales were $398,000. The following schedule of cash receipts for January and February was prepared based upon the collection history given: (Click the icon to view the collection history.) (Click the icon to view the schedule of cash receipts.) 1 Reference Now assume that Grippers's sales are collected as follows: 30% in the month of the sale 20% in the month after the sale 49% two months after the sale anuary and February. (If an input field is not used in the table leave the input field empty; do not enter a zero Cash Receipts from Customers Cash Receipts from Customers January Fe Total sales Total sales January Fe Cash Receipts from Customers: Nov.-Credit sales, collection of Nov. sales in Jan. Dec.Credit sales, collection of Dec. sales in Jan. Dec.Credit sales, collection of Dec. sales in Feb. Jan.-Credit sales, collection of Jan. sales in Jan. Jan.-Credit sales, collection of Jan. sales in Feb. Feb.-Credit sales, collection of Feb. sales in Feb. Total cash receipts from customers January February $ 700,500 $ 353,000 January February Cash Receipts from Customers: Nov.-Credit sales, collection of Nov. sales in Jan. Dec.Credit sales, collection of Dec. sales in Jan. Dec.Credit sales, collection of Dec. sales in Feb. Jan.-Credit sales, collection of Jan. sales in Jan. Jan.-Credit sales, collection of Jan. sales in Feb. Feb.Credit sales, collection of Feb. sales in Feb. $ 102,180 119,400 $ 103,480 280,200 210,150 141,200 $ 501,780 $ 454,830 Total cash receipts from customers