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Najimi Enterprises recerty began seling on internet Internet sales for the fourth quarter of Year 1 totaled $600,000 The compary's internet sales are expected to

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Najimi Enterprises recerty began seling on internet Internet sales for the fourth quarter of Year 1 totaled $600,000 The compary's internet sales are expected to grow atarae of 20% An salesare made on account The compan's collection experience is that 70% of accounts receivable will be collected 'n the quarter of sale and 25% in theet-trFre peat ofmeeln are written off during the quarter folliowing the quarter of sale. The balance in accounts receivable at the end of December Year 1 was $180,000 Required a) Prepare a sales budget for internet sales for the four quarters of Yer 2, include a t b) Compute the accounts receivable balance as of the end of Year l Prepare acash receipts schedule for all tour quarters of Year 2 and theyer as a otal column thait showstotal buteted internet sales tor the yew whole

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