Iridescent Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year 2017. B Click the icon to view the additional information.) All sales are made on account with 70% of sales made in a quarter collected in the same quarter and 30% collected in the following quarter. Calculate the cash collected from receivables in each of the 4 quarters of 2017. (If a box is not used in the table leave the box empty, do not enter a zero.) Schedule of Cash Collections Quarters Data Table - X 1 2 3 4 Accounts receivable balance on 1-1-2017 (Fourth quarter sales from prior year) From first-quarter 2017 sales From second-quarter 2017 sales From third-quarter 2017 sales Accounts receivable (January 1, 2017) Budgeted sales in Quarter 1 (January 1 to March 31, 2017) Budgeted sales in Quarter 2 (April 1 to June 30, 2017) Budgeted sales in Quarter 3 (July 1 to September 30, 2017) Budgeted sales in Quarter 4 (October 1 to December 31, 2017) 44,000 215,000 275,000 185,000 From fourth-quarter 2017 sales 250,000 Total collections Print Done