Practical Case (4): Budgeted sales in Sharjah Company over the next four months are given below: Months Budgeted Sales October $100,000 November $160,000 December $180,000 The company's collections for sales are as follows: 50% of a month's sales are collected in the month of sale, 30% are collected in the month following sale, and 15% are collected in the second month following sale. The remainder is uncollectible. There were no accounts receivables at end of September. Required: 1. Prepare schedule of cash collection for the month of October, November and December. 2. What is the total amount of Accounts Receivable (A/R) at the end of November and December? (A/R MUST BE AT THE END)