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

January

$153,600

February

163,200

March

174,400

Credit sales in December 2020 are expected to be $192,000. The company expects to collect75percent of a month's sales in the month of sale and25percent 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

enter a total dollar amount