Sales on account for the first two months of the current year are budgeted as follows: Jan. $587,000 Feb. 310,000 All sales are made on terms of 2/10, n/30 (2% discount if paid in 10 days, full amount by 30 days); collections on accounts receivable are typically made as follows: 60% 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 15 3 Total 100% Compute the estimated cash collections on accounts receivable for the month of February Estimated cash collections