Flowerama specializes in floral arrangements and experiences its highest sales and delivery volume on February 14th. Below is the first quarter sales budget for Flowerama.

Budgeted Sales (all on account):

January: $460,000

February: $660,000

March: $210,000

Total: $1,330,000

From prior years data, the company predicts that 20% of a month's sales are collected in the month of the sale, another 60% are collected in the month following sale, and the remaining 20% are collected in the second month followingsale. Bad debts are negligible and can be ignored. Prior years sales are as follows: November sales totaled: $390,000, and December sales totaled $420,000.

1) Prepare a schedule of expected cash collections from sales by month, and in total, for the first quarter. What is the accounts recieveable balance on March 31st?