LaChutCorporation 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:

	25% received in the month of the sale
	50% received in the month after the sale
	24% received two months after the sale
	1% of the credit sales are never received

November sales for last year were $90,000,

while December sales were $125,000.

Projected sales for the next three months are as follows:

January sales. . . . . . . . . . . . . . . . . . . . . . . . . . .	$155,000
February sales. . . . . . . . . . . . . . . . . . . . . . . .	$135,000
March sales. . . . . . . . . . . . . . . . . . . . . . . . . . .	$180,000

Requirement

Prepare a cash collections budget for the first quarter, January-March, 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
Cash sales
Collections on credit sales:
25% Month of sale
50% Month after
24% Two months after
Total cash collections