Longoria Company's sales budget shows the following expected total sales:

MonthSales

January$30,000

February$40,000

March$35,000

April$30,000

The company expects 80% of its sales to be on account (credit sales). Credit sales are collected as follows: 30% in the month of sale, 68% in the month following the sale with the remainder being uncollectible and written off in the month following the sale.

Required.

a) Calculate budgeted accounts receivable at the end of each month from February through April.

b) Calculate budgeted cash inflows from collection of receivables for each month from February through April.