8. Bates Company has the following budgeted sales! January February March Credit $100,000 200,000 500,000 Cash $100,000 150,000 120,000 Bates Company collects 30% of credit sales in the month of sale and 65% of credit sales in the month following sales. Five percent of credit sales are expected to be bad debt. What is the total expected cash inflow for the Bates Company in February? Show calculation