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please help! Mason Company projects the following sales for the first three months of the year: $16,700 in January; $16,100 in February; and $11,100 in

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Mason Company projects the following sales for the first three months of the year: $16,700 in January; $16,100 in February; and $11,100 in March. The company expects 70% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Requirement 1. Prepare a schedule of cash receipts for Mason for January, February, and March. What is the balance in Accounts Receivable on March 31? (If an input field is not used, leave the input field emply. Do not enter a zero.) Cash Receipts from Customers Mason Company projects the following sales for the first three months of the year: $16,700 in January; $16,100 in February; and $11,100 in March. The company expects 70% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar

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