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

January $133,000

February 141,000

March 151,000

Credit sales in December 2017 are expected to be $183,000. The company expects to collect 84 percent of a month's sales in the month of sale and 16 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 _______________ ________________ __________________

$ $ $_________________