A Company has the following sales budget for the first three months of the current year:

Month Sales Revenue

January $600,000

February 150,000

March 440,000

• 65 percent in month of sale
• 25 percent in month following sale
• 8 percent in second month following sale
• 2 percent uncollectible

November and December sales were $100,000 and $200,000, respectively.

What is budgeted cash collections from sales for February?