Pharoah Industries expects credit sales for January, February, and March to be $207,800, $252,500, and $299,900, respectively. It is expected that 80% of the sales will be collected in the month of sale, and 20% will be collected in the following month. Calculate cash collections from customers for each month. Sales January $ February March Total Collections eTextbook and Media Jan 207,800 $ 252,500 299,900 PHAROAH INDUSTRIES Schedule of Expected Collections Collections by Month Feb 166,240 $ 252,500 166,240 33,160 202,000 41,560 199,400 $ 243,560