Hayes Company prepares an annual cash budget by quarters. Its cash budget is based on the following assumptions.

1. The January 1, 2014, cash balance is expected to be $38,000. Hayes wishes to maintain a balance of at least $15,000.

Collections from the customers are 168,000; 198,000; 228,000 and 258,000 respectively in each quarter.

Short-term investments are expected to be sold for $2,000 cash in the first quarter.

2. Total Sales during the year was $900,000. Quarterly sales were $180,000; $210,000;

Calculate the total receipts for each quarter.