Guitar Supplies Company has the following sales budget for the first three months of the current year:

Month	Sales Revenue
January	$300,000
February	75,000
March	220,000

Historically, the following trend has been established regarding cash collection of sales:

• 65 percent in month of sale
• 25 percent in month following sale
• 8 percent in second month following sale
• 2 percent uncollectible

The company allows a 2 percent cash discount for payments made by customers during the month of the sale. November and December sales were $50,000 and $100,000, respectively.

Required: Prepare a schedule of budgeted cash collections from sales for January, February, and March. Also, calculate the Acc Receivables as of 31^st March net of the uncollectible sales.