In the coming year, Sunland, 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 $15.00 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 40,000 3rd Quarter 50,000 4th Quarter 83,000 Budgeted sales units Prepare Sunland, 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, es5275 and all other answers to decimal 5.2751 Sales Budget 3rd Quarter 1st Quarter 2nd Quarter 4th Quart Budgeted units sold 26,000 40000 50000 Budgeted sales price 15 $ $ 15 $ 15 Budgeted sales revenue $ 390000 $ 600000 $ 750000 s Cash Receipts Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter t quarter sales 253500 $ 117000 d quarter sales 390000 180000 El quarter sales 487500 quarter sales cals $ 253500 $ $ 507000 $ 667500 mine the Net Accounts Receivable at the end of the year. O 46F AGE Cash Receipts Budget 3rd Quarter 4th Quarter Bad Debts 00 $ $ 370500 DO 180890 570000 487500 225000 712500 809250 809250 LA $ $ 20 1034250 $ 667500 2462250 ivable at the end of the year