The Litzenberger Company has projected the following quarterly sales amounts for the coming year: Q1 $ 770 Q2 $ 800 Q3 $880 04 $ 960

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The Litzenberger Company has projected the following quarterly sales amounts for the coming year: Q1 $ 770 Q2 $ 800 Q3 $880 04 $ 960 Sales a. Accounts receivable at the beginning of the year are $360. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. A negative answer should be indicated by a minus sign.) 01 Q2 Q3 04 $ $ $ 770 800 880 960 Beginning receivables $ Sales Cash collections Ending receivables $ $ $ $ b. Recalculate the cash collections with a collection period of 60 days. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. A negative answer should be indicated by a minus sign.) 01 02 03 04 $ $ $ $ Beginning receivables Sales Cash collections 770 800 880 960 Ending receivables $ $ $ $ c. Recalculate the cash collections with a collection period of 30 days. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. A negative answer should be indicated by a minus sign.) 01 02 03 04 $ $ $ $ 770 800 880 960 Beginning receivables Sales Cash collections Ending receivables $ $ S $ $