Sales on account for the first two months of the current year are budgeted as follows. January February $ 842,000 688,000 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 After discount period Collections within the month following sale: Within discount period After discount period Returns, allowances, and uncollectibles Total 60% 15 15 7 3 100% Compute the estimated cash collections on accounts receivable for the month of February. Estimated cash collections