The Handley Antique Mall budgeted credit sales in the first quarter of 2021 to be as follows:

January $195,200 February 207,400 March 221,200

Credit sales in December 2020 are expected to be $244,000. The company expects to collect 75% of a month's sales in the month of sale and 25% in the following month.

Estimate cash receipts for each month of the first quarter of 2021.

Collection of credit sales January February March

Collection of December sales ___________ ___________ ___________

Collection of January sales ___________ ___________ ___________

Collection of February sales ___________ ___________ ___________

Collection of March sales ___________ ___________ ___________

Totals $___________ $___________ $___________