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Question Help O 16. Calea Company projects the following sales: (Cick on the icon to view the projected sales.) Caleb collects sales on account in the rain aller the sale. The Accounts Receivable balance ori January 1 is $12.100, which represents Devender's sales on account. Caleb urejects the following cash receipts from custoiners: (Click on the icon to view the cash recalots from customers.) Racalculate cash receipts from customers if total sales remain the same but cash sales are only 20% of the total Begin by computing the cash sales and sales on account for each month if cash sales are only 20% of the total. January February March A Data Table Cash sales (20%) Sales on account (20%) $ 40.000 $ 26,000 $ 24.000 Total sales March Now, recalculate cash receipts from customers for each month if cash sales are only 20% of the total. S January February 14,000 $ 9,100 $ 12,100 28,000 28,100 5 35,100 S 8,400 16,900 January Cesh receipts from cash sales Cash receipts from sales on sccount Tolal cash receipts from customers February March S Data Table 25,300 Cash receipts from cash sales Cash receipts from sales on account Tolal cash receipls from customers Print Done March Cash ales (35%) $ 8,400 January 14,000 $ 26,000 40,000 February 9,100 S 18.900 26.000 S Sales on account (659) 15,600 $ 24,000 Tatal sales Print Done