Budgeted sales:

January $$140,700$; February $$189,700$; March $$247,800$

Budgeted direct materials purchases:

January $$39,700$; February $$35,000$; March $$39,800$

Tamarisk's sales are $35\%$ cash and $65\%$ credit. It collects credit sales $40\%$ in the month of sale, $60\%$ in the month following the sale.

Tamarisk's purchases are $40\%$ cash and $60\%$ on account. It pays purchases on account $60\%$ in the month of purchase, and $40\%$ in the month following purchase.

Prepare a schedule of expected collections for January, February, and March.

Tamarisk Company

Expected Collections January $,$ February March

Collections:

Cash sales

Collections of credit sales:

January sales