The marketing department of Colette Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account, and recorded in Accounts Receivable):

	1st quarter	2nd quarter	3rd quarter	4th quarter
Budgeted unit sales	10,000	13,000	12,000	15,000

The selling price of the company's product is $15 per unit. Management expects to collect 60% of sales in the quarter in which the sales are made, 35% in the following quarter, and 5% of sales are expected to be uncollectible (i.e., will not be collected at all). The beginning balance of Accounts Receivable, all of which is expected to be collected in the first quarter, is $68,500.

The company expects to start the first quarter with 1,550 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 15% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 1,750 units.

REQUIRED: Using the following schedule of expected cash collections as a guide, calculate the Total cash collections for each quarter of the year and include your answer in this format in the box below (substituting numbers where the underlines are):

1Q: $______ 2Q: $_______ 3Q: $________ 4Q: $_______ Total Year: $_________

Schedule of Expected Cash Collections
	1st quarter	2nd quarter	3rd quarter	4th quarter	Total Year
Beginning Accounts Receivable
1st quarter sales
2nd quarter sales
3rd quarter sales
4th quarter sales
Total Cash Collections