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

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

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

65 percent in month of sale

25 percent in month following sale

8 percent in second month following sale

2 percent uncollectible

The company allows a 2 percent cash discount for payments made by customers during the month of the sale. November and December sales 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. If an amount box requires no entry, enter "0".

Miller Corporation
Schedule of Budgeted Cash Collections from Sales
For January, February, and March
		January	February	March
November	($400,000)	$
December	($240,000)		$
January	($400,000)			$
February	($320,000)
March	($440,000)
Total cash collections		$	$	$