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 Age of Percent of Amount Due Sales Amounts Account 0-30 31-60 $ 176,890 126,350 61-90 151,620 50,540 91-120 Total receivables $ 505,400 100% a. Calculate the percentage of amount due for each month. Percent of Month of Sales Amount Due April % March % February % January % 100 % April March February January Total receivables b. If the firm had $1,596,000 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 43 days, should it be satisfied with the average collection period? Yes O No d. Disregarding your answer to part c and considering the aging schedule for accounts receivable, should the company be satisfied? Yes O No