The Oak Ridge Antique Mall budgeted credit sales in the first quarter of 2018 to be as follows:

January

$143,000

February

152,000March

163,000

Credit sales in December 2017 are expected to be $197,000. The company expects to collect 66 percent of a month's sales in the month of sale and 34 percent in the following month.

Estimate cash receipts for each month of the first quarter of 2018.

Collection of credit sales January February March

Collection of December sales

Collection of January sales

Collection of February sales

Collection of March sales

Total