Exercise 5-22 Concord/Neff, Ltd. personalizes scrapbooks for customers, using their digital photographs. Each scrapbook sells for $48. Concord/Neff collects cash at the time o sale from 3S% of to mers. Ofthe remaining sales, 60% are c lected in the month of sale and 40% are colected in the month folla in the sale The sales budget for the first six months of the year is as follows: January February March April $127,100 $116,400 s110,800 $113,600 $115,900 $125,800 May June Budgeted sales Prepare Concord Nefrcset for the second quarter. (Round answers to o decimal places e.g. s,a75. Enter answers in necessary fields only. Leave other fields blank. Do not enter o.) April May JuneTotal Cash Receipts Cash sales March sales Apni sales May sales une sales Totals Calculate the accounts receivable balance at the end of second quarter rmunts Receivable balance at the end of second quarter $ Version 4.2