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 0-30 $ 120,540 March 31-60 86, 100 February 61-90 103,320 January 91-120 34,440 Total receivables $ 344,400 April 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 $1,476,000 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 c. If the firm likes to see its bills collected in 33 days, should it be satisfied with the average collection period? Yes d. Disregarding your answer to part cand considering the aging schedule for accounts receivable, should the company be satisfied? Yes NO