Sales on account for the first two months of the current year are budgeted as follows: 587,000 Jan. 310,000 Feb. 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: Collections within the month of sale: Within discount period After discount period Collections within the month following 60% 15 sale: Within discount period After discount period Returns, allowances, and uncollectibles 15 7 3 100% Total Compute the estimated cash collections on accounts receivable for the month of February. Estimated cash collections Sales on account for the first two months of the current year are budgeted as follows: 587,000 Jan. 310,000 Feb. 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: Collections within the month of sale: Within discount period After discount period Collections within the month following 60% 15 sale: Within discount period After discount period Returns, allowances, and uncollectibles 15 7 3 100% Total Compute the estimated cash collections on accounts receivable for the month of February. Estimated cash collections