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Engine Corp. has provided the following details concerning budgeted sales: Month Budgeted Sales January $75,000 February $69.000 March $80,000 All sales are made on account.

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Engine Corp. has provided the following details concerning budgeted sales: Month Budgeted Sales January $75,000 February $69.000 March $80,000 All sales are made on account. The collection policy of the company is to collect 20% in the month of sale, 40% in the following month, and remaining 40% in the second month after the month of sale, November actual sales were $85,000 and December actual sales were $90,000 Required: Calculate Engine Corp's total cash receipts for each month and total for the first quarter (January February and March). Show your work and clearly label your final answers. No calculations. No credit

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