Indigo Company's budgeted sales and direct materials (DM) purchases are as follows. January February March Budgeted Sales Budgeted DM Purchases $60,000 78,000 $300,000 335,000 365,000 82,000 Indigo's sales are 40% cash and 60% credit. Credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale; 4% are uncollectible. Indigo's purchases are 50% cash and 50% on account. Purchases on account are paid 40% in the month of the purchase and 60% in the month following the purchase.

Indigo Company's budgeted sales and direct materials (DM) purchases are as follows. Indigo's sales are 40% cash and 60% credit. Credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale; 4% are uncollectible. Indigo's purchases are 50% cash and 50% on account. Purchases on account are paid 40% in the month of the purchase and 60% in the month following the purchase. Prepare a schedule of budgeted cash receipts from customers for March. INDIGOCOMPANY Budgeted Cash Receipts from Customers March March Cash Sales $ Collection of March Credit Sales Collection of February Credit Sales Collection of January Credit Sales Budgeted cash receipts