Spalding Pointers Corporation expects to begin operations on January 1, year 1; it will operate as a specialty sales company that sells laser pointers over the Internet. Spalding expects sales in January year 1 to total $120,000 and to increase 5 percent per month in February and March. All sales are on account. Spalding expects to collect 70 percent of accounts receivable in the month of sale, 20 percent in the month following the sale, and 10 percent in the second month following the sale. C. Prepare a cash receipts schedule for the first quarter of year 1. d. Determine the amount of accounts receivable as of March 31, year 1. nts Complete this question by entering your answers in the tabs below. eBook Print Required A Required B Required C Required D oferences Prepare a cash receipts schedule for the first quarter of year 1. January 84,000 $ Schedule of Cash Receipts Receipts from January sales Receipts from February sales Receipts from March sales Total February $ 88,200 24.000 $ March 92,610 25,200 12,000 129,810 $ 84,000 $ 112,200 $ Required B Required D > d. Determine the amount of accounts receivable as of March 31, year 1. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Determine the amount of accounts receivable as of March 31, year 1. Accounts receivable