S18-05 Calculating Cash Collections [LO3] The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year Sales $ 720 $750 $ 830 $ 910 a. Accounts receivable at the beginning of the year are $310. Morning Jolt has a 45 -day collection period Calculate cash collections in each of the four quarters by completing the following: (Negative amounts should be indicated by a minus sign.) Q1 02 Q3 Beginning receivables$ Sales Cash collections 720 750 830 910 Ending receivables b. Recalculate the cash collections with a collection period of 60 days. (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places. (e.g- 32.16) Q1 Q2 Beginning receivablesS Sales Cash collections 720 830 910 Ending recelvables c. Recalculate the cash collections with a period of 30 days. (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places. (e.g., 32.16) Q1 Beginning receivables s Sales 720 830 10 Cash collections Ending receivables