Schedule of Cash Receipts. Webber Company has projected sales for the first quarter of next year as follows: January, $90,000; February, $70,000; March, $100,000. Forty percent of sales are cash sales and 60 percent are credit sales. Twenty percent of credit sales are collected in the month of sale, 50 percent in the month following sale, and 30 percent in the second month after sale. Bad debts are negligible. Sales in November totaled $140,000; in December, $200,000. Required: Prepare a schedule of cash receipts for each month and for the quarter.