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Problem 2 6 - 5 Calculating Cash CollectionsThe Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: Recalculate the

Problem 26-5 Calculating Cash CollectionsThe Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year:Recalculate the cash collections with a collection period of 60 days.(Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16. A negative answer should be indicated by a minus sign.)Recalculate the cash collections with a collection period of 30 days.(Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16. A negative answer should be indicated by a minus sign.)

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