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

January

$185,600

February

197,200March

210,400

Credit sales in December 2020 are expected to be $232,000. 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.

The Page Antique Mall budgeted credit sales in the first quarter of 2021 to be as follows: January $185,600 February 197,200 March 210,400 Credit sales in December 2020 are expected to be $232,000. The company expects to collect 70 percent of a month's sales in the month of sale and 30 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 $