Village industries expects total sales for Jan, Feb, and Mar to be $300,000, $350,000, and $400,000 respectively. All sales are on credit. It expects to collect 60% of the sales in the month of sale and 35% in the following month.

a) Compute the cash collections from customers for Feb and Mar.

February: $ March: $

b) Compute the accounts receivable for :

March: $ April: $