Current Attempt in Progress The Ceradyne Antique Mall budgeted credit sales in the first quarter of 2021 to be as follows: January $131,200 February 139,400 March 149,200 Credit sales in December 2020 are expected to be $164,000. The company expects to collect 70 percent of a month's sales in the month of sale and 30 percent in the following month. Estimate cash receipts for each month of the first quarter of 2021. Collection of credit sales January February Collection of December sales $ $ Collection of January sales Collection of February sales Collection of March sales $ $ March