TheGoldenAntique Mall budgeted credit sales in the first quarter of 2021 to be as follows:

January

$182,400

February

193,800March

206,800

Credit sales in December 2020 are expected to be $228,000. The company expects to collect70percent of a month's sales in the month of sale and30percent 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

$

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$

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$

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Collection of January sales

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Collection of February sales

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Collection of March sales

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$

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$

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$

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