The budgeted monthly service revenues for Shumin Services Ltd for January to June are as follows.

All of the firm’s invoicing for services is on a credit basis. All payments received from clients on time receive a 5% discount. All fees are due the month after the services are performed. Approximately 75% of the credit billings are collected in the month following the service, 15% are collected in the second month following, and 10% are collected in the third month after invoicing. Ignore GST.
Required Calculate the forecast cash receipts from clients for April, May and June.

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January February $800 000 720 000 March 780 000 April 820 000 May 840 000 June 920 000