Avril Company makes collections on sales according to the following schedule:

40% in the month of sale

50% in the month following sale

7% in the second month following sale

The following sales are expected:

Expected Sales

January$290,000

February$300,000

March$395,000

Cash collections in March should be budgeted to be:

$395,000

$383,150

$328,300

$342,500