Jokell Catering Inc. is a caterer of corporate lunches and events the following is Jekelt's sales forecast by quartet for the upcoming year. Jekell Catering inc. Forecasted Sales For the Year Ended December 31, 2020 Q1 Q2 03 04 Total Sales 5107,000 $310,000 $339,000 $244,000 $1,000,000 In addition, sales in Q3 and 4 of 2019 totaled $138.000 and $200,000 respectively. According to the company's sales records, all revenue is invoiced the credit sales). Assume the following historical trends were noted by management regarding credit sales 50% of credit customers pay during the quarter in which the sale took place 26% of credit customers pay in the quarter immediately following the quarter of sale 24% of credit customers pay in the second quarter following the quarter of Sale Do not enter dollar signs of commas in the input bones Prepare a schedule of cash receipts on a quarterly basis. Jekell Catering Inc. Cash Receipts For the Year Ended December 31, 2020 Q2 Q3 01 Q4 Total Q3 2019 S 04 2019 For the Year Ended December 31, 2020 Q1 92 04 Total 03 2019 04 2019 JOT 2020 02 2020 03 2020 42020 Total Cash Receipts Check Note: The 'check button does not submit your attempt to submit the attempt go to the end of the quiz and click on the submit all and finish" button Next page Pinare