The following information is available regarding sales revenue for March, April, and May, year 2004: Credit card sales are collected on the average of every three days and the amount remaining uncollected at the end of the month represents 8 percent of the month’s credit card sales revenue.

Accounts receivable sales are collected in the month following the sales. Using the following information regarding sales, calculate the cash inflow for the months of April and May, year 2004.

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March April May Sales revenue $42,000 $44,000 $44,800 Cash sales [35% of sales] 14,700 15,400 15,680 Credit card sales [60% of sales] 25,200 26,400 26,880 Accounts receivable sales [5% of sales] 2,100 2,200 2,240