January February March

Estimated cash receipts from:

Cash sales $Cash sales

$11,400$

$Cash sales

$14,500$

$Cash sales

$18,900$

Collections of accounts receivable Collections of accounts receivable

Collections of accounts receivable

Collections of accounts receivable

Dividends Dividends

$3,400$

Dividends

$0$

Dividends

$0$

Total cash receipts $Total cash receipts

$Total cash receipts

$Total cash receipts