As the manager of Corby and Danes Ltd one is concerned about the current collection policy from credit customers. The current policy is that all sales are to be made on credit, with the expectation that 70% of all accounts receivable will be collected in the month immediately following the sale 20% in the second month, 8% in the third month amd thje balance written off as bad debt. One needs a report that will show how much cash one can expect to collect each month from the accounts receivable for the period Februart to August....... Draft a report on collection from accounts from accounts receivable. Prepare additional reports to reveal the cash flow situation under the two proposed policies.