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Score: 0 of 42 pts 2 of 2 (1 complete) PM7-43A (similar to) Vinning Company's budget committee provides the following information: Click the icon to view the information.) Read the requirements Requirement 1. Prepare the schedule of cash receipts from customers for January and February 2024. Assume cash receipts are 60% in the month of the sale and 40% in the month following the sale. Vinning Company Budgeted Cash Receipts from Customers Two Months Ended February 28, 2024 January February Current month sales, 60% Prior month sales, 40% - X Data Table Total cash receipts December 31, 2023, account balances: Cash $ 34,000 20,000 24,000 Accounts Receivable Merchandise Inventory Accounts Payable Salaries and Commissions Payable Budgeted amounts for 2024 Sales, all on account 14,500 3,000 January February $ 83,000 $ 85,300 40,700 42.000 Purchases, all on account 4,150 4.265 4,500 4,500 3,000 3,000 Commissions Expense Salaries Expense Rent Expense Depreciation Expense Insurance Expense Income Tax Expense 800 800 100 100 1,600 1,600 Print Done