Problem $26-12$ Cash Budgeting

The sales budget for your company in the coming year is based on a quarterly growth rate of $20$ percent with the first$-$quarter sales projection at $$225\mathrm{.}7$ million. In addition to this basic trend, the seasonal adjustments for the four quarters are $0,$$$16\mathrm{.}7,$$$8\mathrm{.}7,$ and $$21\mathrm{.}7$ million, respectively. Generally, $45$ percent of the sales can be collected within the quarter and $50$ percent in the following quarter; the rest of the sales are bad debt. The bad debts are written off in the second quarter after the sales are made. The beginning accounts receivable balance is $$110$ million. Assuming all sales are on credit, compute the cash collections from sales for each quarter. $($Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, to the nearest whole number, e$.$g$.,1,234,567.)$