Marcel Company projects the following sales for the first three months of the year$13,500 in January$11,300 in February and $12,900 in March. The company expects 60% of the sales to be cash and the remainder on account. Sales on account a collected 50% in the month of the sale and 50% in the following monthThe Accounts Receivable account has a zero balance on January Round to the nearest dollar

1. Prepare a schedule of cash receipts for Marcel for January, February, and March. What is the balance in Accounts Receivable on March 31? 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 70% in the month of the sale, 25% in the month following the sale, and 5% in the second month following the sale. What is the balance in Accounts Receivable on March 31 ? Requirement 1. Prepare a schedule of cash receipts for Marcel for January. February, and March. What is the balance in Accounts Receivable on March 31 ? (If an input field is not used, leave the input field ompty. Do not enter a zero)