Arturo has budgeted the following total sales:

Month	Sales
January	$	60,000
February	$	80,000
March	$	70,000
April	$	60,000

The company expects 80% of its sales to be on account (credit sales). Credit sales are collected as follows: 30% in the month of sale and 68% in the month following the sale, with the remainder being uncollectible and written off in the month following the sale.

The gross profit margin is generally 40%. At the end of the month, Arturo maintains inventory equal to 30% of the following months expected cost of sales.

Required:

Calculate budgeted accounts receivable for the month of February.

Calculate budgeted cash inflows from collection of receivables for February.

Determine the amount of purchases in dollars for March