M8-14 (Algo) Preparing Schedule of Cash Receipts [LO 8-4) Getty Company expects sales for the first three months of next year to be $195,000, $255,000 and $280.000, respectively. Getty expects 20 percent of its sales to be cash and the remainder to be credit sales. The credit sales will be collected as follows: 10 percent in the month of the sale and 90 percent in the following month Compute a schedule of Getty's cash receipts for the months of February and March February March Budgeted cash receipts