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The forecasted sales pertain to BEST BOARDS, Inc.: Month Sales January 900,000 February 1,000,000 March 600,000 April 400,000 Collection pattern:60 percent in month of sale;40

The forecasted sales pertain to BEST BOARDS, Inc.:

Month Sales January 900,000

February 1,000,000

March 600,000

April 400,000 Collection pattern:60 percent in month of sale;40 percent in month following the saleAccounts Receivable (December 31):$140,000

Finished Goods Inventory (December 31):160,000

The company has a selling price of $10 per unit and expects to maintain ending inventoriesequal to 20 percent of the next month's sales. Calculate the amount of cash that BESTBOARDS expects to collect in February?

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