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

March	$44,000		June	$48,000
April	50,000		July	56,000
May	39,000		August	58,000

Sales in January and February were $47,000 and $46,000, 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.