Root Company sells a product for $35. Budgeted sales for the first few months of 2020 are as follows: January $600,000 February 300,000 March 900,000 April 735,000 The company typically collects 80% in the month of sale and 18% in the following month. The remaining 2% is not collected. Calculate budgeted cash receipts for March and April.

1. Calculate budgeted cash receipts for March

2. Calculate budgeted cash receipts for April