Route Canal Shipping Company has the following schedule for aging of accounts receivable: Age of Receivables April 30, 20X1 (1) (2) (3) (4) Month of Sales Age of Account Amounts Percent of Amount Due April 030 $ 182,880 _______ March 3160 60,960 _______ February 6190 121,920 _______ January 91120 40,640 _______ Total receivables $ 406,400 100% a. Calculate the percentage of amount due for each month. b. If the firm had $1,524,000 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. c. If the firm likes to see its bills collected in 37 days, should it be satisfied with the average collection period? multiple choice 1 Yes No d. Disregarding your answer to part c and considering the aging schedule for accounts receivable, should the company be satisfied? multiple choice 2 Yes No