Suppose that today is December 31, 2012. Management of Jenga Company has come to you today and provided you with the following information so that you can create a cash inflow budget for the first two months, January and February, of 2013.

With this purpose in mind they inform you that 20% of all sales are collected in the month of sale; the remainder, 80% of all sales made in any given month, are collected in cash in the following month.

The sales forecast for the first 5 months of 2013 is

January $500

February 400

March 1,600

April 1,000

May 1,000

Sales for November and December of the previous year 2012 were S1,000 and S2,000, respectively.

Estimate the total predicted cash inflows for both January and February.