LaChut Corporation has found that 80% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, LaChut Corporation has experienced the following collection pattern:

	20% received in the month of the sale
	40% received in the month after the sale
	24% received two months after the sale
	16% of the credit sales are never received

November sales for last year were $80,000, while December sales were $110,000. Projected sales for the next three months are as follows:

January sales. . . . . . . . . . . . . . . . . . . . . . . . . . .	$165,000
February sales. . . . . . . . . . . . . . . . . . . . . . . . . . .	$120,000
March sales. . . . . . . . . . . . . . . . . . . . . . . . . . .	$180,000

Requirement

Prepare a cash collections budget for the first quarter, with a column for each month and for the quarter. (Round your answers to the nearest whole dollar.)

LaChut Corporation

Cash Collections Budget

For the Months of January through March

	January/February/March/Quarter
Cash sales
Collections on credit sales:
20% Month of sale
40% Month after
24% Two months after
Total cash collections