For Practice only: Crew Clothing (CC) sells women's resort casual clothing to high-end department stores and in its own retail boutiques. CC expects sales for January, February, and March to be $420,000, $480,000, and $500,000, respectively. Twenty percent of CC's sales are cash, with the remainder collected evenly over two months. During December, CC's total sales were $730,000. CC is beginning its budget process and has asked for your help in preparing the cash budget.

Compute CC's expected cash receipts from customers for each month.

Budgeted Cash Receipt

January =

February =

March =