Route Canal Shipping Company has the following schedule for aging of accounts receivable: Age of (4) Percent of Amount Due Age of Receivables April 30, 20x1 (2) (3) Month of Sales Account Amounts 0-30 $ 131,250 March 31-60 93,750 February 61 90 112,500 January 91-120 37,500 Total receivables $375,000 April 100% a. Calculate the percentage of amount due for each month. Month of Sales April March Percent of Amount Due % % February January Total receivables % 100 % b. If the firm had $1,500,000 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 35 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 ONo