Sutton Pointers Corporation expects to begin operations on January 1, Year 1; it will operate as a specialty sales company that sells laser pointers over the Internet. Sutton expects sales in January to total $240,000 and to increase 5% per month in February and March. All sales are on account. Sutton expects to collect 70% of accounts receivable in the month of sale, 20% in the month following the sale, and 10% in the second month following the sale. What amount of Total Budgeted Sales should Sutton expect for March? Do not enter dollar signs or commas in your answers. What amount of Cash Sales are budgeted for February? How much cash does Sutton expect to collect in January? How much does Sutton expect to collect in February? How much does Sutton expect to collect in March? Determine the amount of A/R as of March 31, Year 1