$x$ Company is in the process of preparing a cash receipts schedule for March. March sales are budgeted to be $$1,100,000.$ Collections of sales are expected to be as follows:

$50\%$ in the month of sale

$40\%$ in the month following the sale

$6\%$ in the second month following the sale

$4\%$ uncollectible

Uncollected sales as of February $28$ th are $$500,000$ of which $$100,000$ represents uncollected January sales and $$400,000$ represents uncollected February sales.

Cash receipts for March would be budgeted to be:

$$940,000$

$$717,000$

$$890,000$

$$667,000$

$$930,000$

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