1. Lash Corporation has the following sales budget for the last half of 2000:

   (Assume all credit sales)

   July $100,000 October $90,000

   August 80,000 November 100,000

   September 110,000 December 94,000

   Historically, the cash collection of sales has been as follows:

   65 percent of sales collected in month of sale,

   25 percent of sales collected in month following sale, and

   10 percent of sales collected in second month following sale.

   1.) What is accounts receivable at September 30?

   2.) What is accounts Receivable at December 31?