Nikkis Bakery has prepared the following sales budget. The company had $18,000 of accounts receivable at January 1. The company normally collects 100 percent of its accounts receivable in the month following the sale.

Sales	January	February	March
Cash Sales	22,000	31,000	37,000
Sales on Account	42,000	58,000	60,000
Total Budgeted Sales	64,000	89,000	97,000
Schedule of Cash Receipts
Current Cash Sales	[a]	[d]	[g]
Collection of Accounts Receivable	[b]	[e]	[h]
Total Budgeted Cash Collection	[c]	[f]	[i]

1. Complete the schedule of cash receipts by filling in the missing amounts.

2. Determine the amount of accounts receivable that Nikki's bakery should report on the first quarter pro forma balance sheet.