The cash sales and credit sales projected for Sarah's Kitchen are as follows:

             Jan           Feb          March         April         May

Cash   17,000       19,640     16,200        15,380      17,390

Credit  40,000       42,000      48,000       50,000     49,500

If Collections of credit sales are 70% for the first month and 30% for the second month, what would be the cash receipts for March, April and May?

Using this same data, if Sarah's kitchen has a 1% bad debt allowance and can collect only 29% of accounts receivable the second month, what would be the cash receipts for March, April and May?