The budget director of Mandy's Kitchen Shop has prepared the following sales budget. The company had $50,000 of accounts receivable at January 1. The company normally collects 100% of its accounts receivable in the month following the sale. Sales Cash sales Sales on account January February March $15,000 $33,000 $ 36,000 45,000 60,000 70,000 Total budgeted sales $60,000 $93,000 $106,000 Schedule of cash receipts Current cash sales ? Plus collection of accounts receivable. ? ? 2. 2. ? ? Total budgeted cash collections ? ? ? Required: (a) Complete the schedule of cash receipts by filling in the missing amounts. What are the total budgeted cash receipts for the first quarter? (b) Determine the amount of accounts receivable that Mandy's should report on the first quarter pro forma balance sheet.