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

March	$50,000		June	$56,000
April	59,000		July	67,000
May	41,000		August	71,000

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.