c) The sales budget for Jim's Tents for the first three months of the year is expected to be $150 000, $140 000 and $160 000 with 20% of each month's sales being on credit. Collections of accounts receivable are scheduled at 50% during the month of sale, 45% during the month following the sale with 5% uncollectable. The total budgeted cash receipts from sales for the second month will be