Sheridan Industries expects credit sales for January, February, and March to be $210,000, $270,900, and $305,900, respectively. It is expected that 70% of the sales will be collected in the month of sale, and 30% will be collected in the following month. Calculate cash collections from customers for each month. SHERIDAN INDUSTRIES Schedule of Expected Collections Collections by Month Sales Jan Feb Mar Total January $ $ $ $ $ February March Total Collections $ $ $ $