TI6-6 (similar to) Question Help nidescent Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The folowing data are available for the year 2017 (Clck the icon to view the additional information.) AI sales are made on a cort with 65% of sales made in a quarter collected in the same quarter and 35% colected in the following quarter. Caiculate the cash oollected from receivables in each of the 4 quarters of 2017 (If a box is not used in the table leave the box empty do not enter a zero.) Schedule of Cash Collections Quarters Data Table Accounts receivable balance on 1-1-2017 Fourth-quarter sales from prior year) Accounts receivable (lanuary 1,2017) Budgeted sales in Quarter 1 GJanuary 1 to March 31, 2017) Budgeted sales in Quarter 2 (Ages 1 to June 30, 2017) Budgeted sales in Quarter 3 (July 1 to September 30, 2017) Budgeted sales in Quarter 4 (October 1 to December 31, 2017) 42,000 220,000 235,000 215,000 230,000 From Srst-quarter 2017 sales From second-quarter 2017 sales From third-quaner 2017 sales From fourth-quarter 2017 sales Total colections Print Done Enter any number in the edit fieids and then click Check