Route Canal Shipping Company has the following schedule for aging of accounts receivable: (4) Percent of Amount Due Age of Receivables April 30, 20X1 (1) (2) (3) Month of Age of Sales Account Amounts April 0-30 $189,000 March 31-60 135,000 February 61-90 162,000 January 91120 54,000 Total receivables $540,000 100% a. Calculate the percentage of amount due for each month. Percent of Amount Due Month of Sales April % March % % February January % Total receivables 100 % b. If the firm had $1,620,000 in credit sales over the four-month period, compute the average collection period. Average daily credit sales should be based on a 120-day period. Average collection period days c. If the firm likes to see its bills collected in 45 days, should it be satisfied with the average collection period? Yes No d. Disregarding your answer to part cand considering the aging schedule for accounts receivable, should the company be satisfied? Yes No