Bright Minds Toy Company prepared the following sales budget for the second quarter. Projected sales for each of the first three months of operations are as follows: Bright Minds expects to collect 70% of the sales on account in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale, and the remainder is uncollectible. Calculate the cash collections by month and for the quarter if Sales on Account for February and March were $290,000 and $340,000, respectively