Route Canal Shipping Company has the following schedule for aging of accounts receivable: Age of Receivables April 30, 20x1 (2) Age of Account 0-30 (3) (4) Percent of Amounts Amount Due $ 161,820 (1) Month of Sales April March 31-60 February 61-90 71,920 107,880 January 91-120 17,980 Total receivables $ 359,600 100% a. Calculate the percentage of amount due for each month. Percent of Month of Sales Amount Due April % March %- February % % January Total receivables 100 % b. If the firm had $1,488,000 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 34 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