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Martis Company projects the following sales for the first three months of the year $12.400 in January, $11,200 in February; and $10.400 in March. The company expacts 60% of the sales to be cash and the remainder on account Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest d Read the rarements Queston View Requirement 1. Prepare a schedule of cash recepts for Martin for January February, and March What is the balance in Accounts Receivable on March 317 of an input field is not used, see the input fald empty Co o Cash Receipts from Customers January February March Total Total sales January February March Total Cash Receipts from Customers Accounts Receivable balance, January 1 January-Cash January-Crede sales, collection of January salas in January February January Credit sales, totection of January Febnary Cash sales February-Crudit sales tection of February sies in February Extituiry-Credit uses coction of February sans in March March-Cash sam Total cash receipts for customers Accounts Receivable balance, March 31 March-Credt sales, collection of March as in Apri h receipts for Marlin for January, February, and March. What is the balance in Accounts Receivable on March 31? (If an input fleid is not used, leave the input field empty. Do not enter a - X Requirements 1. Prepare a schedule of cash receipts for Marlin for January, February, and March. What is the balance in Accounts Receivable on March 317 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 60% in the month of the sale, 25% in the month following the sale, and 15% in the second month following the sale. What is the balance in Accounts Receivable on March 31? mary sales in January ary sales in February Print Done aruary sales in February onuary sales in March sales in March