Laura Falk, Marigold & Hill Fabricators' accounts receivable manager, has just received the company's sales budget for the first quarter. Budgeted revenue January $221,000 February $430,950 March $386,750 Quarter $1.038,700 The company makes all sales on credit. Laura recently reviewed the company's collection history and found that 70% of the sales are collected in the month of the sale, 26% of sales are collected in the month following the sale, and 4% of sales are uncollectible. The company expects to have an accounts receivable balance of $49.725 on January 1, and this amount represents the remaining receivables from December's sales. Prepare Marigold & Hills cash receipts budget for the first quarter. (Round answers to decimal places, eg 5.275. Enter answers in necessary fields only. Leave other fields blank. Do not enter O.) Cash Receipts Budget February March January Total December credit sales S January sales E Cash Receipts Budget February March January Tota December credit sales $ $ $ $ January sales February sales March sales Totals $ Determine the Net Accounts Receivable at the end of the quarter. Assume that there are no outstanding accounts receivable and allowance for doubtful accounts balances at the beginning of December for the prior year. Net Accounts Receivable