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Blair is a retailer of assorted baby products. The sales forecast for the coming months is: All sales are credit sales. The cash collection pattern is 20% in the month of sale, 70% in the month following the sale, and the remainder in the second month following the sale. Accounts receivable on June 1 were $I77,500. Prepare a cash receipts schedule for the period June through August (by month). What will the Accounts Receivable balance be on August 31