Michelle Walker, Sunland & Anthony Fabricators' accounts receivable manager, has just received the company's sales budget for the first quarter. January February March Quarter Budgeted revenue $624,000 $702,000 $884,000 $2,210,000 The company makes all sales on credit. Michelle recently reviewed the company's collection history and found that 72% of the sales are collected in the month of the sale, 26% of sales are collected in the month following the sale, and 2% of sales are uncollectible. The company expects to have a net accounts receivable balance of $98,200 on January 1, and this amount represents the remaining receivables from December's sales. Prepare Sunland & Anthony's cash receipts budget for the first quarter. (Enter answers in necessary fields only. Leave other fields blank. Do not entero) January Cash Receipts Budget February March Total Cast December credit sales 6 $ 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 $ Prepare Sunland & Anthony's cash receipts budget for the first quarter. (Enter answers in necessary fields only. Leave other fields blank Do not enter 0.) Cash Receipts Budget ary February March Total Cash Receipts Uncollectible $ $ $ $ $ $ $ $ $ $ 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 $