Sutton Pointers Corporation expects to begin operations on January 1, 2015; it will operate as a specialty sales company that sells laser pointers over the Internet. Sutton expects sales in January 2015 to total $350,000 and to increase 15 percent per month in February and March. All sales are on account. Sutton expects to collect 65 percent of accounts receivable in the month of sale, 25 percent in the month following the sale, and 10 percent in the second month following the sale.