Marcel Company projects the falowing sales for the first three months of the year. $10,000 in January, S12,200 in February; and $15,000 in March. The company expects 90% of the sales to be cash and the remainder an account Sales on account are collected 50% in the month of the sale and 50% in the hollowing month. The Accounts Recclvable account has a zen balance on January 1. Found to the rearst collar. Read the regurements Requirement 1. Prepare a schedule of cash receipts for Marcal Cash Receipt from Customers Jaruary, February, and March. What is the balance in Accounts Receivable on March 31? If an input field is not used, leave the inpul field empty. Du rol enters zuro. January February March Total Totalaus January February March Total Cash Receipts from Customers Ants Rovable balance, January 1 JanuaryCash January-recitales. colection of January sales in January January Crecitales. Colection of January sales in February FebruaryCash sales February-Credt sales, collection of February sales in February Fanary-Credit sales, collection of February sales in March March Marchredit sales, collection of March sale in March Total cash ranapia from customers Accounts Receivable balance, March 31: MarchCredit sales, collection of March sales in April