nnovative Office Inc. has "cash and carry" customers and credit customers. Innovative Office estimates that 30% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 75% pay their accounts in the month of sale, while the remaining 25% pay their accounts in the month following the month of sale. Projected sales for the first three months of 20Y4 are as follows: January $1,200,000 February 1,450,000 March 1,600,000 The Accounts Receivable balance on December 31, 20Y3, was $180,000. Prepare a schedule of cash collections from sales for January, February, and March.