Simpson Giove Company has made the folowing sales projections for the next sik months. At sales are credit sales. Sales in fanuary and February were $41,000 and $39.000, respectively. Experience has shown that of total sales receipts 10 percent are uncoliectible, 40 percent are collected in the month of sale, 30 percent are collected in the following month, and 20 percent are collected two months after saie