Shamrock is developing a forecast for cash receipts for the first quarter of the year. Credit sales for the quarter are estimated to be $860,000. The accounts receivable balance from the fourth quarter of the prior year is $840,000. All other accounts receivable from the prior year have been collected or written off. On average, collections of 60% occur during the quarter, 25% in the next quarter, and 10% two quarters after a sale. At the end of the year, 5% are written off as uncollectible. Calculate the budgeted cash receipts for the first quarter from credit sales. (Do not leave any answer field blank. Enter O for amounts.)