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		2nd Quarter		3rd Quarter		4th Quarter
	Budgeted sales units		21,000		46,000		53,000		79,000

Prepare Sheffield, Inc.'s cash receipts budget for the coming year. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0. Round "Budgeted sale price" and "Cash Receipts Budgets" answers to 2 decimal places, e.g. 52.75 and all other answers to 0 decimal places, e.g. 5,275.)

	Sales Budget
			1st Quarter	2nd Quarter	3rd Quarter	4th Quarter	Annual
	Budgeted units sold		enter a number of units	enter a number of units	enter a number of units	enter a number of units	enter a number of units
	Budgeted sales price		$ enter a dollar amount	$ enter a dollar amount	$ enter a dollar amount	$ enter a dollar amount	$ enter a dollar amount
	Budgeted sales revenue		$ enter a total dollar amount	$ enter a total dollar amount	$ enter a total dollar amount	$ enter a total dollar amount	$ enter a total dollar amount

	Cash Receipts Budget
			1st Quarter	2nd Quarter	3rd Quarter	4th Quarter	Bad Debts
	1st quarter sales		$ enter a dollar amount	$ enter a dollar amount	$ enter a dollar amount	$ enter a dollar amount	$ enter a dollar amount
	2nd quarter sales		enter a dollar amount	enter a dollar amount	enter a dollar amount	enter a dollar amount	enter a dollar amount
	3rd quarter sales		enter a dollar amount	enter a dollar amount	enter a dollar amount	enter a dollar amount	enter a dollar amount
	4th quarter sales		enter a dollar amount	enter a dollar amount	enter a dollar amount	enter a dollar amount	enter a dollar amount
	Totals		$ enter a total amount	$ enter a total amount	$ enter a total amount	$ enter a total amount	$ enter a total amount

Determine the Net Accounts Receivable at the end of the year.

Net Accounts Receivable

$ enter the net accounts receivable in dollars