Take me to the text Joseph Lawrence will be opening his company called JL Company in January of the next year. He predicts that January, February and March will generate $195,000, $125,000 and $185,000 worth of sales respectively. The company expects to sell 45% of its products for cash. 55% of the sales on account are expected to be collected in the month of the sale, 25% in the month following the sale and the remainder in the following month. Prepare the cash receipts section of the cash budget. Do not enter dollar signs or commas in the input boxes. JL Company Cash Receipts For January, February and March January February ho March Cash sales $ Collections from credit customers $ IS Total Cash Receipts