Route Canal Shipping Company has the following schedule for aging of accounts receivable: Age of Receivables April 30, 20x1 (4) (1) (2) (3) Percent of Amount Month of Sales Age of Account Amounts Due April 0-30 $212,220 March 31-60 94,320 February 61-90 141,480 January 91-120 23,580 Total receivables $ 471,600 100% a. Calculate the percentage of amount due for each month. Month of Sales Percent of Amount Due April March % February 1 % January % Total receivables 100 % b. If the firm had $1,572,000 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 41 days, should it be satisfied with the average collection period? O Yes O NO d. Disregarding your answer to part cand considering the aging schedule for accounts receivable, should the company be satisfied? O Yes O NO