Intermediate Learning had prepared the following sales? budget, schedule of budgeted cash? receipts, and cash budget for 2019?:

Intermediate Learning decided to revise its sales budget to show fourth quarter sales of 950 tablets due to the expectation of increased holiday sales: Suppose a change in the receipt of cash from sales on account is as? follows: Question: Revise the schedule of budgeted cash receipts to include the increase in fourth quarter sales and the change in the timing of customer receipts.

Original Budgets (1 page) For the Year Ended December 31, 2019 SecondThird QuarterQuarter QuarterQuarter First Fourth Total 2,650 550 247,500 s 137,500 715,000 357,500 1,457,500 650 Budgeted tablets to be sold Sales price per unit Total sales 450 250 1,300 550 $ 550 $ 550 $ 550 $ Schdule of Cash Receipts from Customers First Second Third Fourth Quarter Quarter Quarte Quarter Total Total sales 357,50$ 1,457,500 Fourth 715.00$ 247,50$ 137.50$ FirstSecond Third $ QuarterQuarte Quarte QuarterTotal Cash Receipts from Customers: Accounts Receivable balance, December 31, 2018 1st Qtr-cash sales (30%) 1st Qtr-credit sales (70%), 50% collected in 1st qtr 1st Qtr.--Credit sales (70%), 50% collected in 2nd qtr. 2nd Qtr-cash sales (30%) 2nd Qtr-credit sales (70%), 50% collected in 2nd qtr. 2nd Qtr.-credit sales (70%), 50% collected in 3rd qtr. 3rd Qtr.-cash sales (30%) 3rd Qtr Credit sales (70%), 50% collected in 3rd qtr. 3rd Qtr-credit sales (70%), 50% collected in 4th qtr. 4th Qtr-cash sales (30%) 4th Qtr Credit sales (70%), 50% collected in 4th qtr. Total cash receipts from customers $ 20,000 74,250 86,625 86,625 41,250 48,125 $ 48,125 214,500 250,250 250,250 107,250 125,125 180,875 176,000 512,875 S 482,625 S 1,352,375 Accounts Receivable balance, December 31, 2019: 4th Qtr.--Credit sales (70%), 50% collected in 1st qtr of 2020 $ 125,125