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Sales on account for the first two months of the current year are budgeted as follows. JanuarY February $430,000 684,000 All sales are made on

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Sales on account for the first two months of the current year are budgeted as follows. JanuarY February $430,000 684,000 All sales are made on terms of 2/10, n/30 (2 percent discount if paid in 10 days, full amount by 30 days); collections on accounts receivable are typically made as follows. Collections within the month of sale Collections within the month following sale: Returns, allowances, and uncollectibles Within discount period After discount period 60 15 15 Within discount period After discount period 100 Total Compute the estimated cash collections on accounts receivable for the month of February

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