Lee Verly will be opening his company called LV Catering in January of the next year. He predicts that January, February and March will generate $110,000, $100,000 and $145,000 worth of sales respectively. The company expects to sell 25% of its products for cash. Of the sales on account, 50% are expected to be collected in the month of the sale, 25% in the month following the sale and the remainder in the following month. Prepare the cash receipts section of the cash budget.