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Page Company makes 30% of its sales for cash and 70% on account. 60% of the credit sales are collected in the month of sale,

Page Company makes 30% of its sales for cash and 70% on account. 60% of the credit sales are collected in the month of sale, 25% in the month following sale, and 12% in the second month following sale. The remainder is uncollectible. The following information has been gathered for Page's first year of operations:

Month 1 2 3 4
Total sales $98,000 $108,000 $88,000 $68,000

Total cash receipts in Month 3 will be:

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