Flint Company's budgeted sales and direct materials $($DM$)$ purchases are as follows.

Flint's sales are $40\%$ cash and $60\%$ credit. Credit sales are collected $10\%$ in the month of sale, $50\%$ in the month following sale, and

$36\%$ in the second month following sale; $4\%$ are uncollectible. Flint's purchases are $50\%$ cash and $50\%$ on account. Purchases on

account are paid $40\%$ in the month of the purchase and $60\%$ in the month following the purchase.

$($a$)$

Prepare a schedule of budgeted cash receipts from customers for March.

FLINTCOMPANY

Budgeted Cash Receipts from Customers

March

March Cash Sales

$

Collection of March Credit Sales

Collection of February Credit Sales

Collection of January Credit Sales

Budgeted cash receipts