14.

Jackson Company has developed the following sales projections for the calendar year:

May	$	100,000
June		120,000
July		140,000
August		160,000
September		150,000
October		130,000

Normal cash collection experience has been that 50% of sales is collected during the month of sale and 45% in the month following the sale. The remaining 5% of sales are never collected. Jackson's budgeted cash collections for the third calendar quarter are: (CMA adapted)