Fishermans Bay Inc. underwent a review and analyzed its payments from customers, it found that 30% of the invoiced amounts were paid in the same month as the work was done and the other 70% were paid in the following month. The information of revenue for the months is as follows:

Month Revenue

January 2020 $80,000

February 2020 93,000

March 2020 92,000 ----

April 2020 87,000

May 2020 69,000 ----

June 2020 83,000

Instructions:

a)Calculate the monthly cash receipts for March, April, and May of 2016.