Part B: (20 points total) Show all your work and answer these problems on the exam. Exam total is 60. 2021: 1. (8 points) The following is the sales budget for Uptown Rentals, Inc. for the first quarter of January February March Sales budget $1 36.000 $148,000 $153,000 Credit sales are collected as follows: 60 percent in the month of sale 32 percent in the month after the sale 8 percent in the second month after the sale The accounts receivable balance at the end of the previous quarter was $87,040 ($73,600 of which was uncollected December sales). 14, 720 a. What were the December sales? 1-87, 0410 x, 6 36500 02, 32 124, 000x,04 13,600x. 94/ 40#) 52, 2 24 +43,620+11/40 =107,585 b. How much did the firm collect in the months of February and March? lowing is the sales bu X 11 , 840 + 5,000 = 1 16/ 840 c. What was the ending balance of accounts receivable for March? X 5, 000