Maycel Comoany projects the following saies for the first three months of the year $14,300 in January; $10,200 in Fobruary; and $15,800 in March. The compary expects 80% of the sales 10 be cash and the remainder on account. Saies on nccount are collected 50% in the month of the sale and 50% in the following month. The Accounts Recelvable account has a zoro baiance on January 1. Round to the nearest dollar. Resd the tesuirements. Requirement 1. Prepare a schedule of cash receipts for Marcel for danuary, February, and March. What is the balance in Acoounts Receivable on March 31 ? if an incut finid is not used, leave the input field ampty. Do not enter a zero.) Marcel Company projects the following sales for the firat three months of the year $14,300 in January; $10,200 in Februacy; and $15,800 in March. The company expects 800 sot the sales to be cash and the remainder on acoount. Sawes on account are collected 50% in the month of the sale and 50% in the following month. The Acopunts Recolvacits acoount has a zero balance on January 1. Round to the nearest dollar. Read the cequimments. Requirement 2. Prepare a revised schedule of cash receipts if teceipts from sales co acocunt are 60% in the month of the sale. 25% in the mont following the saie, and 15% in the seoond morth following the sale. What is the balance in Accounts Receivable on March 317 (It an inpot feld is not used, learve the input feld empty. Do not enter a zeer.)