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

March	$56,000		June	$60,000
April	62,000		July	68,000
May	51,000		August	70,000

Sales in January and February were $59,000 and $58,000, respectively. Experience has shown that of total sales, 10 percent are uncollectible, 25 percent are collected in the month of sale, 35 percent are collected in the following month, and 30 percent are collected two months after sale.

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

29.