In the coming year, Sheffield, 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 $13.00 to retailers throughout the country. All sales will be made on account. An expected 65% of sales will be collected within the quarter of the sale, and another 30% 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 26,000 2nd Quarter 46.000 3rd Quarter 59.000 4th Quarter 79,000 Budgeted sales units Prepare Sheffield, inc's cash receipts budget for the coming year. (Enter answers in necessary fields only. Leave other fields blank. Do not enter O. Round "Budgeted sale price" and "Cash Receipts Budgets" answers to 2 decimal places, e.g. 52.75 and all other answers to O decimal places, e.g. 5,275.) Sales Budget 3rd Quartor 2nd Quarter 4th Quarter Annual WO 16000 59000 79000 210000 $ 10 10 12 $ 13 $ $ 598000 1000 $ 767000 1027000 $ 2730000 1st Quarter 2nd Quarter Cash Receipts Budget 3rd Quarter $ 4th Quarter $ $ $ 1st quarter sales 2nd quarter sales 3rd quarter sales 2nd Quarter 3rd Quarter 4th Quarter Annual 6000 16000 59000 79000 210000 12 $ 13 $ 18 $ 13 $ 8000 $ 590000 $ 767000 $ 1027000 s 2730000 1st Quarter 2nd Quarter Cash Receipts Budget 3rd Quarter 1st quarter sales $ $ 4th Quarter SI $ 2nd quarter sales 3rd quarter sales 4th quarter sales Totals $ VA Determine the Net Accounts Receivable at the end of the year. Net Accounts Receivable $ 2nd Quarter 3rd Quarter 4th Quarter Annual 6000 46000 59000 79000 210000 133 $ $ 13 $ 13 $ 13 $ 8000 $ 598000 $ 767000 $ 1027000 $ 2730000 2nd Quarter Cash Receipts Budget 3rd Quarter $ 4th Quarter Bad Debts $ $ $ Determine the Net Accounts Receivable at the end of the year. Net Accounts Receivable $