On March $1$ of the current year, Spicer Corporation compiled information to prepare a cash budget for March, April, and May. All of the company's sales are made on account. The following information has been provided by Spicer's management.

$\backslash$table$[[3\mathrm{.}57,,],[$points$,$Month,Credit Sales$],[,$January,$$300,000($actual$)],[,$February,$400,000($actual$)],[$eBook$,$March,$431,000($estimated$)],[,$April,$802,000($estimated$)],[$Print$,$May,$800,000($estimated$)]]$

References

The company's collection activity on credit sales historically has been as follows.

$\backslash$table$[[$Collections in the month of the sale,$50\%$