You are the marketing manager of Tizer Pharma Co. Expected sales rev- enues for the first six months of next year are as follows:

January millions $700

February 800

March 800

April 820

May 820

june 900

Total = $4,840

There was $400 million of accounts receivable on January 1.

900.

The normal pattern for collection of sales revenue is as follows:

25% of sales are cash sales and are received in the month of sale.

75% of sales are on one month's credit, and all credit customers pay within their credit terms.

Required

Prepare a schedule of cash received from sales for the first half of the year.