Watt's Lighting Stores made the following sales projection for the next six months. All sales are credit sales. March April May June July August $30,000 36,000 25,000 34,000 42,000 44,000 Sales in January and February were $33,000 and $32,000, respectively. Experience has shown that of total sales, 10 percent are uncollectible, 30 percent are collected in the month of sale, 40 percent are collected in the following month, and 20 percent are collected two months after sale. Watt's Lighting Stores Cash Receipts Schedule January February March April May June July August Sales Collections (30% of Current sales) Collections (40% of prior month's sales) Collections (20% of sales 2 months earlier) Total cash receipts