The Litzenberger Company has projected the following quarterly sales amounts for the coming year: Q1 $710 $740 $820 $900 Q3 Sales a. Accounts receivable at the beginning of the year are $290. 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 02 03 04 Beginning receivables $ Sales Cash collections 710 740 820 900 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 710 740 820 900 Ending receivables