Grounded Gadgets' sales budget shows the following expected total sales:

Month Sales

January $120,000

February $160,000

March $140,000

April $120,000

The company expects 70% of its sales to be on account (credit sales). Credit sales are collected as follows: 40% in the month of sale, 57% in the month following the sale with the remainder being uncollectible and written off in the month following the sale. Required: a) Calculate budgeted accounts receivable at the end of each month from February through April. b) Calculate budgeted cash inflows from collection of receivables for each month from February through April.