The Litzenberger Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 Q3 Q4 Sales $760 $790 $870 $950 a. Accounts receivable at the beginning of the year are $350. Litzenberger 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). Negative amounts should be indicated by a minus sign.) Beginning receivables Sales Cash collections Q1 $ 350 760.00 380 Q2 $ 380 790.00 395 x Q3 $ 395 870.00 435 x 04 $ 435 950.00 475 Ending receivables $ 380 $ 395 $ 435 $ 475 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). Negative amounts should be indicated by a minus sign.) Q2 Q4 Beginning receivables Sales Cash collections Q1 $ 350 760.00 253.33 X $ 506.7 790.00 263.33 Q3 $ 526.7 870.00 $ 580 950.00 316.67 X 290 % Ending receivables $ 506.67 $ 526.67 $ 580 $ 633.33 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). Negative amounts should be indicated by a minus sign.) Beginning receivables Sales Cash collections Q1 $ 350 760.00 506.67% Q2 $ 253.3 790.00 526.67 X Q3 $ 263.3 870.00 580 Q4 $ 290 950.00 633.33 Ending receivables $ 253.33 $ 263.33 $ 290 $ 316.67