The budget director of Mandy's Kitchen Shop has prepared the following sales budget. The company had $$51,700$ of accounts receivable at January $1.$ The company normally collects $100\%$ of its accounts receivable in the month following the sale.

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.

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Required A

Complete the schedule of cash receipts by filling in the missing amounts. What are the total budgeted cas first quarter?

$\backslash$table$[[,$January,February,March$],[$Sales$,,,,,,],[$Cash sales,$$,16,700,$$$,34,700,$$$,37,700],[$Sales on account,,$46,700,,61,700,$Q$,71,700],[$Total budgeted sales,$$,63,400,$$$,96,400,,107,700],[$Schedule of cash receipts,,,,bes,,$],[$Current cash sales,,,,$4,,],[$Plus collection of accounts receivable,,,,,,$],[$Total budgeted cash collections,,,,,,$]]$

Total budgeted cash collections for the quarter are