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Sharon Lee, Coronado & Brian Fabricators' accounts receivable manager, has just received the company's sales budget for the first quarter. Quarter January February March $504,000 $567,000 $714,000 Budgeted revenue $1,785,000 The company makes all sales on credit. Sharon recently reviewed the company's collection history and found that 72% of the sales are collected in the month of the sale, 26% of sales are collected in the month following the sale, and 2% of sales are uncollectible. The company expects to have a net accounts receivable balance of $98,200 on January 1, and this amount represents the remaining receivables from December's sales. Prepare Coronado & Brian's cash receipts budget for the first quarter. Jan Feb Mar Total Cash Receipts Uncollectible December Credit Sales January Sales Feb Sales March Sales Totals