PLEASE SHOW ALL WORK AND EQUATIONS*****

Outdoorsies expects total sales of $699,500 for January and $355,000 for February. November sales totaled $398,000 and December sales were $403,000. 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.) Now assume that Outdoorsies's sales are collected as follows: 30% in the month of the sale 20% in the month after the sale 49% two months after the sale 1% never collected Prepare a revised schedule of cash receipts for January and February (If an input field is not used in the table leave the input field empty, do not enter a zero.) 1 Reference Cash Receipts from Customers January February Cash Receipts from Customers Total sales January February January February $ 699,500 S 355,000 Total sales January 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 $ 99,500 120,900 S 100,750 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 279,800 209,850 X 142,000 452,600 More Info $ 500,200 s % 40% in the month of the sale 30% in the month after the sale 25% two months after the sale 5% never collected Print Done