please see attachment

Jackson Company has developed the following sales projections for the calendar year: May $102, 000 June 122, 000 July 142, 000 August 162, 000 September 152, 000 October 132, 000 Normal cash collection experience has been that 50% of sales is collected during the month of sale and 45% in the month following the sale. The remaining 5% of sales are never collected. Jackson's budgeted cash collections for the third calendar quarter are: {CMA adapted}