Question 1 of 28 Current Attempt in Progress Susan Wilson Sunland & Charles Fabricatory accountable manager has just received the company budget for the first quarter January February March Quarter Budgeted revenue $648.000 $729,000 $891000 $2265.000 -/22 4 The company makes all sales oncret Susan recently reviewed the company's collection history and found that 22% of the sales are collected in the month of the sale 26% of sales are collected in the month lowing the a and 2% of sales are uncollectible. The company expects to have a net accounts receivable balance of $99.200 on January 1, and this amount represents the remaining receivables from December's sales Prepare Sunland & Chark's cash receipts budget for the first quarter interns in cry helds only Love other felt blank. Denne January December credit sales $ January Cash Receipts Budget February March Total Cash Receipts Uncollectible February sales March sales Tota Determine the Net Accounts Receivable at the end of the quarter. Assume that there are no outstanding accounts receivable and allowance for doubtful accounts balances at the beginning of December for the prior year Net Accounts Receivable $