Sales on account for the first two months of the current year are budgeted as follows.

January $ 647,000 February 693,000

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: Within discount period 60 % After discount period 15 Collections within the month following sale: Within discount period 15 After discount period 7 Returns, allowances, and uncollectibles 3 Total 100 %

Compute the estimated cash collections on accounts receivable for the month of February.