Suggested time budget Topic: Budgeting - Cash 28 minutes maximum Aier Corporation manufactures and sells decorative lamps. The following data are available for the year 2021. Accounts receivable (January 1, 2021). From Quarter 4, 2020 Budgeted sales in Quarter 1 (January 1 to March 31, 2021) Budgeted sales in Quarter 2 (April 1 to June 30, 2021) Budgeted sales in Quarter 3 (July 1 to September 30, 2021) Budgeted sales in Quarter 4 (October 1 to December 31, 2021) $46,000 230,000 245,000 210,000 240,000 All sales are made on account 80% of sales made in a quarter collected in the same quarter and 20% collected in the following quarter. Required - Calculate the cash collected from receivables in A 1st Quarter 2021 B. 2nd Quarter 2021 C 3rd Quarter 2021 D. 4th Quarter 2021 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph x 88 - +] Arial B AL B DELL