Larry Company's accounts receivable on January 1, total $250,000. Budgeted sales for the first three months of the year are: January February March $790,000 $890,000 $750,000 Larry expects to sell 30% of its merchandise for cash. Of the remaining 70% of the sales on account, 60% are expected to be collected in the month of sale and the remainder I the following month. Calculated Larry's estimated cash receipts for January