Please explain how to solve the problem as well because right now im only practicing and trying to teach myself.

The budget director of Natalias Florist has prepared the following sales budget. The company had $230,000 in accounts receivable on July 1. Natalias Florist normally collects 100 percent of accounts receivable in the month following the month of sale.

Required:

a.	Complete the schedule of cash receipts by filling in the missing amount

	July	August	September
Sales Budget	67,000	70,000	84,000
Cash Sales	93,000	114,000	120,600
Sales On Acct	160,000	184,000	204,600
Total Budget Sales
Sch. of Cash Receipts
Current Cash Sales
Plus: Coll. Cash Receivables
Total Budget Collections	$297,000	$163,000	198,000

b.	Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet.

Accounts Receivable