The sales budget for your company in the coming year is based on a quarterly growth rate of 10 percent with the first-quarter sales projection at $225.4million.In addition to this basic trend,the seasonal adjustments for the four quarters are 0,-$16.4-$8.4,and $21.4 million, respectively. Generally,40 percent of the sales can be within the quarter and 50 percent in the following quarter;the rest of the sales are bad debt.The beginning account receivable balance is $104.4 million. Assuming all sales are on credit,compute the cash collections from sales for each quarter.

Collected within quarter Quarter 1 Quarter 2 Quarter 3 Quarter 3 Collection from previous quarter Cash collections from sales