Prepare a schedule of cash receipts for ElwoodElwood for JanuaryJanuary, FebruaryFebruary, and MarchMarch. What is the balance in Accounts Receivable on MarchMarch $3131?2.$Prepare a revised schedule of cash receipts if receipts from sales on account are $6060\%$ in the month of the sale, $1515\%$ in the month following the sale, and $2525\%$ in the second month following the sale. What is the balance in Accounts Receivable on MarchMarch $3131?$