Information pertaining to Yek Company's budgeted sales revenue for the first quarter of the coming year is presented below.

	January	February	March
Cash sales	120,000	160,000	275,000
Credit sales	330,000	440,000	275,000
Total sales	$450,000	$600,000	$550,000

Management estimates that four percent of credit sales are likely to be uncollectible. Of the collectible credit sales, 60% are expected to be collected in the month of sale and the remainder in the month following the month of sale. Required: Calculate total budgeted cash receipts for February.