Watts Lighting Stores made the following sales projection for the next six months. All sales are credit sales.

March	$54,000		June	$58,000
April	60,000		July	66,000
May	49,000		August	68,000

Sales in January and February were $57,000 and $56,000, respectively. Experience has shown that of total sales, 5 percent are uncollectible, 40 percent are collected in the month of sale, 50 percent are collected in the following month, and 5 percent are collected two months after sale.

a. Prepare a monthly cash receipts schedule for the firm for March through August.