Myers and Associates, a famous law office in California, bills its clients on the first of each month. Clients pay in the following way:

• 40% pay at the end of the first month
• 30% pay at the end of the second month
• 20% pay at the end of the third month
• 5% pay at the end of the fourth month
• 5% default on their bills

Give the anticipated cash flow for the first quarter of 2018 if the past billings and anticipated billings follow this same pattern. Show your work.

The actual and anticipated billings are as follows: