In the coming year, Vaughn, 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: 2nd Quarter 1st Quarter 24,000 4th Quarter Budgeted sales units 3rd Quarter 60.000 44,000 79.000 Prepare Vaughn, 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, eg 52.75 and all other answers to decimal places, eg. 5,275.) Sales Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quart Budgeted units sold 24000 44000 60000 Budgeted sales price $ 13 5 13 S 13 S Budgeted sales revenue $ 312000 $ 572000 780000 $ 4th Quarter Annual 79000 207000 $ 1 13 $ 13 A 1027000 $ 2691000 Cash Receipts Budget Cash Receipts Budget 3rd Quarter 1st Quarter 2nd Quarter 4th Quarter 1st quarter sales $ $ 2nd quarter sales 3rd quarter sales 4th quarter sales Totals Determine the Net Accounts Receivable at the end of the year Net Accounts Receivable $ 4th Quarter Bad Debts A A $ DN $ $ $ w