ABC Ventures, sells two products, Widgets and Gadgets. The sales forecast in units for the third quarter of the coming year is:

	Shoes	Bags
July..	12,000	16,000
August	18,000	30,000
September	26,000	44,000

Cash sales are 35% of each product's monthly sales. The remaining sales are credit sales which are collected as follows: 60% in the month of sale, 20% the next month, and 20% in the following month. Unit sale prices are $20 and $18 for Shoes and Bags, respectively.

a.Determine the budgeted sales in dollors for each month

b. Determine the company's cash receipts for March from its current and past sales.