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The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 Q3 Q4 Sales $ 840 $ 870

The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 Q3 Q4 Sales $ 840 $ 870 $ 950 $ 960 a. Accounts receivable at the beginning of the year are $430. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following (A negative answer should be indicated by a minus sign. Round your answers to 2 decimal places, e.g., 32.16.):

COUNTRY KETTLES, INC. Balance Sheets
2016 2017
Assets
Cash $ 31,700 $ 30,920
Accounts receivable 71,200 74,440
Inventories 62,100 64,500
Property, plant, and equipment 160,000 171,400
Less: Accumulated depreciation 46,960 51,200
Total assets $ 278,040 $ 290,060
Liabilities and Equity
Accounts payable $ 46,200 $ 48,420
Accrued expenses 7,580 6,660
Long-term debt 26,900 29,950
Common stock 29,000 34,300
Accumulated retained earnings 168,360 170,730
Total liabilities and equity $ 278,040 $ 290,060

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