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

January		$198,400
February		210,800
March		224,800

Credit sales in December 2020 are expected to be $248,000. The company expects to collect 60 percent of a months sales in the month of sale and 40 percent 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	$		$		$
	$enter a total dollar amount		$enter a total dollar amount		$enter a total dollar amount