The sales budget of Carson Industries projects the following sales for January through May. January $275,000 February $220,000 March $250,000 April $222,000 May $290,000 Carson sells 40% as cash sales and the rest on account (accounts receivable). Of the credit sales 90% are collected the month after sales and 10% are collected in the second month. Determine the cash collections for the cash budget for March, April and May. March April May Cash collection in current month Collections from month prior Collections from 2 months prior Total estimated cash receipts