In the coming year, Oriole, Inc. will be introducing its first product, a wrist brace that protects serious video gamers from repetitive-motion injuries. The brace will be sold for $20 to retailers throughout the country. All sales will be made on account. An expected 75% of sales will be collected within the quarter of the sale, and another 20 % in the quarter following the sale. The remaining 5% of credit sales are expected to be uncollectible. The sales budget for the coming year is as follows:

			1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
	Budgeted sales units		25,200		41,000		52,600		86,000

Prepare Oriole, Inc.'s, cash receipts budget for the coming year. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.)

	Sales Budget
			1st Quarter	2nd Quarter	3rd Quarter	4th Quarter	Annual
	Budgeted units sold
	Budgeted sales price		$	$	$	$	$
	Budgeted sales revenue		$	$	$	$	$

	Cash Receipts Budget
			1st Quarter	2nd Quarter	3rd Quarter	4th Quarter	Bad Debts
	1st quarter sales		$	$	$	$	$
	2nd quarter sales
	3rd quarter sales
	4th quarter sales
	Totals		$	$	$	$	$

Determine the Net Accounts Receivable at the end of the year. Assume that no accounts have been written off during the year.

Net Accounts Receivable

$