Valentina Company will begin operations on January 1st. The company has provided the following details concerning budgeted sales: Budgeted Sales Jan $75,000 Feb 69,000 March 80,000 April 82,000 May 80,500 June 92,000 The collection policy of the company is to collect 20% in the month of sale, 40% in the following month, and remaining 40% in the second month after the month of sale. All sales are made on account. Calculate the cash receipts from customers for the first six months.