Spencer Company has budgeted sales for the upcoming months as follows:

February	$ 619,000
March	634,000
April	664,000
May	689,000

Assume that 70 percent of the sales are credit sales, and the remainder are cash sales. Credit sales are collected 40 percent in the month of sale, 50 percent in the month following the sale, and 10 percent in the second month following the sale.

Required

Compute Spencer's budgeted cash receipts for April.

Note: Do not round intermediate calculations.

Cash Receipts -

Compute Spencer's budgeted cash receipts for May.

Note: Do not round intermediate calculations.

Cash Receipts -

Compute Spencers expected accounts receivable balance at May 31.

Note: Do not round intermediate calculations.

Accounts Receivable Balance -