Simpson Glove Company has made the following sales projections for the next six months. All sales are credit sales.

March	$55,000
April	64,000
May	46,000
June	61,000
July	72,000
August	76,000

Sales in January and February were $41,000 and $39,000, respectively. Experience has shown that of total sales receipts 5 percent are uncollectible, 50 percent are collected in the month of sale, 40 percent are collected in the following month, and 5 percent are collected two months after sale.

Prepare a monthly cash receipts schedule for the firm for March through August.