For Practice Only: Getty Company expects sales for the first three months of next year to be $220,000, $235,000 and $300,000, respectively. Getty expects 30 percent of its sales to be cash and the remainder to be credit sales. The credit sales will be collected as follows: 10 percent in the month of the sale and 90 percent in the following month.

Compute a schedule of Getty's cash receipts for the months of February and March.

Budgeted Cash Receipt:

February =

March =