Pet Supplies Inc., a pet wholesale supplier, was organized on January 1. Projected sales for each of the first three months of operations are as follows:

January..............................................$300,000

February............................................500,000

March..................................................750,000

All sales are on account. Seventy-five percent of sales are expected to be collected in the month of the sale, 20% in the month following the sale, and the remainder in the second month following the sale. 

Prepare a schedule indicating cash collections from sales for January, February, and March.