Sequoia Furniture Company's sales over the past three months, half of which are for cash, were as follows:

Assume that Sequoia's collection period is $60$ days. What would be its cash receipts in May? What would be its accounts receivable

balance at the end of May?

Now assume that Sequoia's collection period is $45$ days. What would be its cash receipts in May? What would be its accounts

receivable balance at the end of May?