Furry Friends Supplies Inc., a pet wholesale supplier, was organized on May 1. Projected sales for each of the first three months of operations are as follows:

May

$240,000

June

270,000

July

350,000

All sales are on account. 58 percent of sales are expected to be collected in the month of the sale, 31% in the month following the sale, and the remainder in the second month following the sale.

Prepare schedule indicating cash collections from sales for May, June, and July.