Parker Company has forecast its sales as follows: November December January February March April $190,000 (actual) $240,000 (actual) $280,000 $380,000 $350,000 $320,000 Parker has experienced collections of 55% during the month of sale, 38% the month after the sale and 7% the second month after the sale. Required: a. Prepare a schedule of cash receipts for the 4-month period January - April b. What will the Accounts Receivable balance be on April 30%