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The following credit sales are budgeted bySheridanElectronics: January$123700 February119200 March134500 April140900 May142600 The company's past experience indicates that50% of the accounts receivable are collected in

The following credit sales are budgeted bySheridanElectronics:

January$123700

February119200

March134500

April140900

May142600

The company's past experience indicates that50% of the accounts receivable are collected in the month of sale,30% in the month following the sale, and18% in the second month following the sale.2percent are uncollectible. How much does the company anticipate as cash receipts for March?

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