Magnify Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year 2020. (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 2020. (If an input field is not used in the table, leave the input field empty; do not enter a zero.) Schedule of Cash Collections Quarters 2 3 4 Accounts receivable balance on 1-1-2020 (Fourth-quarter sales from prior year) From first-quarter 2020 sales From second-quarter 2020 sales From third-quarter 2020 sales From fourth-quarter 2020 sales Total collections - X Data table Accounts receivable (January 1, 2020) $ 41,000 Budgeted sales in Quarter 1 (January 1 to March 31, 2020) 260,000 Budgeted sales in Quarter 2 (April 1 to June 30, 2020) 240,000 Budgeted sales in Quarter 3 (July 1 to September 30, 2020) 225,000 Budgeted sales in Quarter 4 (October 1 to December 31, 2020) 235,000