Smithe company has forecast its sales as follows

August $$180,000($actual$)$

September $$280,000($actual$)$

October $$360,000$

November $$400,000$

December $$450,000$

Davis has experienced collections of $40\%$ during the month of sale, $50\%$ the month after the sale, and $10\%$ the second month after the sale.

A$.$ Prepare a schedule of each receipts for the $3-$month period october$-$december

B$.$ What will the accounts receivable balance bo on december $31?$