Budgeted Cash Collections, Budgeted Cash Payments

Historically, Ragman Company has had no significant bad debt experience with its customers. Cash sales have accounted for $20$ percent of total sales, and payments for credit sales have been received as follows:

$40$ percent of credit sales in the month of the sale

$35$ percent of credit sales in the first subsequent month

$20$ percent of credit sales in the second subsequent month

$5$ percent of credit sales in the third subsequent month

The forecast for both cash and credit sales is as follows.

$\backslash$table$[[$January$,$$$185,000$