Question 2 of 6 - 71 III View Policies Current Attempt in Progress Waterways Corporation is preparing its budget for the coming year, 2022. The first step is to plan for the first quarter of that coming year. Waterways gathered the following information from the managers. Sales Unit sales for November 2021 114,000 Unit sales for December 2021 101,000 Expected unit sales for January 2022 112,000 Expected unit sales for February 2022 113,000 Expected unit sales for March 2022 117.000 Expected unit sales for April 2022 126.000 Expected unit sales for May 2022 138,000 Unit selling price $12 Waterways likes to keep 10% of the next month's unit sales in ending inventory. All sales are on account. 85% of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts receivable on December 31, 2021, totaled $181,800. Waterways Corporation is preparing its budget for the coming year, 2022. The first step is to plan for the first quarter of that coming year. Waterways gathered the following information from the managers. Sales Unit sales for November 2021 114,000 Unit sales for December 2021 101,000 Expected unit sales for January 2022 112,000 Expected unit sales for February 2022 113,000 Expected unit sales for March 2022 117,000 Expected unit sales for April 2022 126,000 Expected unit sales for May 2022 138,000 Unit selling price $12 Waterways likes to keep 10% of the next month's unit sales in ending inventory. All sales are on account. 85% of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts receivable on December 31, 2021, totaled $181,800