Help with requirement 2 please?

Graham Company projects the following sales for the first three months of the year: $ 10,800 in January; $ 11,600 in February; and $ 16,300 in March. The company expects 60% 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.

Cash Receipts from Customers January February March Total Total sales 10,800||| 11,600 16,300 January | February || March 38,700 Total | Cash Receipts from Customers: i Requirements ol 6480 1080 1080 Accounts Receivable balance, January 11 JanuaryCash sales JanuaryCredit sales, collection of January sales in January JanuaryCredit sales, collection of January sales in February JanuaryCredit sales, collection of January sales in March FebruaryCash sales FebruaryCredit sales, collection of February sales in February FebruaryCredit sales, collection of February sales in March 1. Prepare a schedule of cash receipts for Graham for January, February, and March. What is the balance in Accounts Receivable on March 31? Prepare a revised schedule of cash receipts if receipts from sales on account are 60% in the month of the sale, 25% in the month following the sale, and 15% in the second month following the sale. What is the balance in Accounts Receivable on March 31? 696 6960 2784 1392 Print Print Done Done MarchCash sales MarchCredit sales, collection of March sales in March 7560 9744 Total cash receipts from customers Accounts Receivable balance, March 31: Credit sales, collection in April and May