XYZ Corporation is preparing a master budget for 2020. Sales for the year are expected to total 800,000 units. Quarterly sales in units are 20%,25%,30%, and 25% respectively. The sales price is expected to be $50 per unit for the first 3 quarters and $55 per unit beginning in the fourth quarter. Sales in the first quarter of 2021 are expected to be 10% higher than the budgeted sales volume for the first quarter of 2020.

Cash collections from sales are 60% in the quarter of sale, 30% in the following quarter and 8% in the second quarter after sale.

Prepare a

cash inflows schedule for the third quarter 2020