Lee Verly will be opening his company called LV Company in January of the next year. He predicts that January, February and March will generate $160,000, $110,000 and $135,000 worth of sales respectively. The company expects to sell 25% of its products for cash. 50% of the sales on account 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.

Do not enter dollar signs or commas in the input boxes.

Round your answers to the nearest whole number.

LV Company Cash Receipts For January, February and March January February March Cash sales $Answer 40000 $Answer 27500 $Answer 33750

Collections from credit customers $Answer 60000 $Answer $Answer

Total Cash Receipts