Wahoo was preparing a sales budget for the first quarter of 2016. Forecast sales are as follows. January: $203,000, February: $227,000, March: $248,000. Sales are 40% cash and 60% on credit. 55% of the credit accounts are collected in the month of sale, 35% in the month following the sale, and 10% in the following month. No uncollectible accounts are anticipated. Accounts receivable at the beginning of 2016 are $82,950 (10% of November credit sales of $150,000 and 35% of December credit sales of $151,000). Prepare a schedule showing sales and cash collections for January, February, and March, 2016.