Jayson Company projects the following sales for the first three months of the year: $13, 500 in January, $11, 600 in February, and $12, 800 in March. The company expects 80% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Requirement Prepare a revised schedule of cash receipts if receipts from sales on account are 70% in the month of the sale, 10% in the month following the sale and 20% in the second month following the sale. What is the balance in Accounts Receivable on March 31