The company began business on January 1 of the current year.

The first quarter sales are estimated as follows:

January $250,000

February $350,000

March $400,000

Total = $1,000,000

The firm expects cash to be collected in the following manner:

50% collected in the month of the sale

40% collected in the month following the sale

10% collected in the second month following the sale

Determine the amount to be collected in March.