Now assume that Summits's sales are collected as follows: Summits expects total sales of $698,000 for January and $350,000 for February. November sales totaled $388,000 and December sales were $410,000. 30% in the month of the sale The following schedule of cash receipts for January and February was prepared based upon the collection history given: (Click the icon to view the collection history.) Click the icon to view the schedule of cash receipts.) 30% in the month after the sale 39% two months after the sale 1% never collected Prepare a revised schedule of cash receipts for January and February Cash Receipts from Customers: Nov.Credit sales, collection of Nov. sales in Jan. Dec. Credit sales, collection of Dec. sales in Jan. Dec. Credit sales, collection of Dec. sales in Feb. Jan.Credit sales, collection of Jan. sales in Jan. Jan. - Credit sales, collection of Jan. sales in Feb. Feb. Credit sales, collection of Feb. sales in Feb. Total cash receipts from customers