Miller Corporation has the following sales budget for the first four months of the current year:

Mes	Sales
January	$400,000
February	320,000
March	440,000
April	360,000

Historically, the following trend has been established in terms of cash collection of sales:

65 percent in the month of sale

25 percent in the month following the sale

8 percent in the second month after the sale

2 percent uncollectible

The company allows a 2 percent cash discount for payments made by customers during the month of the sale. Sales for November and December were $400,000 and $240,000, respectively. All sales are on account.

Required:

Prepare a schedule of budgeted cash collections from sales for January, February, and March.