Gillian would like to know how much cash she could receive from selling cherries. She informs you that accounts receivable at the end of the prior year (sales made duringDecember)is 100,000. Payments from customers are usuallyreceivedas follows.

Pay during the month goods are received : 50%

Pay the next month:47%

Bad debts (can not be collected) :3%

The sales figures are provided in the table below.

JanFebMarAprMayJunJulAugSepSales : Revenue$360,000 $364,000 $350,000 $300,000 $200,000 $100,000 $80,000 $50,000 $50,000

What would be the total receipts for the second quarter? (Please note: you are recommended to prepare the cash receipts budget for 3 quarters)