The actual sales for November and December along with projections for January to April are shown below.

Month November December January February March April

Sales ($) 100,000 115,000 108,000 118,000 120,000 116,000

(i)Cash sales are forty percent (40%), 50% will be collected in the first month after the sale, while the remaining 10% will be collected in the second month after the sale.

Required: Show the sales receipts and totals that will be recorded for the months January through April. [10 marks]