A company has the following sales forecast for the quarter:

January $225,000

February $245,000

March $240,000

In the prior year, sales for October were $215,000, for November were $230,000 and for December were $235,000.

Historically cash collection of sales has been as follows: 45% of sales collected in the month of sales, 35% of sales collected in the month following sales and 20% collected in the second month following the sale.

Prepare a cash receipts budget for each month of the first quarter.