In the coming year, Urayse, 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 $11.25 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 Budgeted sales units 25,000 40,000 3rd Quarter 4th Quarter 50,000 80,000 Prepare Urayse, 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 2nd Quarter 3rd Quarter 25000 40000 11.25 11.25 50000 4th Quarter 80000 Annual 195000 11.25 $ 11.25 $ 11.25 281250 $ 450000 562500 $ 900000 $ 2193750 1st quarter sales $ 2nd quarter sales 3rd quarter sales 4th quarter sales Totals 1st Quarter 182812 S 2nd Quarter Cash Receipts Budget -/1 E 3rd Quarter 4th Quarter $ 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 get 2nd Quarter 3rd Quarter 4th Quarter Bad Debts 182812 $ $ 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