1. The companys sales manager prepared the following sales forecast for the first half of the year.

January	$235,000
February	198,000
March	211,000
April	285,000
May	300,000
June	305,000

Historically, the cash collection of sales has been as follows:

• 47% of sales collected in the month of sale
• 50% of sales collected in the month following the sale
• 3% of sales collected in the second month following the sale
• All sales are on account

Prepare the schedule of the cash collection of Accounts Receivable for the second quarter