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Shay, Inc., is preparing its master budget for the quarter ending March 31. It sells a single product for $25 per unit. Budgeted sales for

Shay, Inc., is preparing its master budget for the quarter ending March 31. It sells a single product for $25 per unit. Budgeted sales for the next four months follow.

January February March April
Sales in units 1,200 1,000 1,600 1,400

In addition, sales are 40% cash and 60% on credit. All credit sales are collected in the month following the sale. The January 1 balance in accounts receivable is $10,000. Prepare a schedule of budgeted cash receipts for January, February, and March. (Input all amounts as positive values. Omit the "$" sign in your response.)

SHAY INC. Cash Receipts Budget For January, February, and March
January February March
$ $ $
Cash receipts from
Total cash receipts $ $ $

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