2. A Sendai clothing wholesaler was preparing its sales budget for the first quarter of 20X8. Forecast sales are as follows (All values are in thousands of yen).

January	203,000
February	227,000
March	248,000

a) Sales are 40% cash and 60% on credit. Fifty-five percent of the credit accounts are collected in the month of sale, 35% in the month following the sale, and 10% in the following month. No uncollectible accounts are anticipated. Accounts receivable at the beginning of 20X8 are 82,950 (10% of November credit sales of 150,000 and 45% of December credit sales of 151,000).

b) Prepare a schedule showing sales and cash collections for January, February, and March, 20X8.