In the coming year, Sheridan, 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 $16.00 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 27,000 40,000 60,000 73,000 Prepare Sheridan, 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