Blanchard Corporation is estimating its cash collections for the first quarter of next year (January, February and March). The company has provided you with monthly sales along with historical cash collections data. Calculate the total cash received for January, February and March given the following data:

November Saless 250,000 $ December 270,000 $ January 290,000 $ February 305,000 $ March 315,000 Estimated Collection: 60% 30% In month of sale in month after sale In second month after sale Never collected 2%