Kaspar Industries expects credit sales for January, February, and March to be $203300, $261800, and $314600, respectively. It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month.

Kaspar Industries expects credit sales for January, February, and March to be $203300, $261800, and $314600, respectively. It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month. Compute cash collections from customers for each month. Collections from Customers Credit Sales January February March January tA 152475 $ February March i i 152475 $