You are the marketing manager of Tizer Pharma Co. Expected sales revenues for the first six months of next year are as follows: $millions January- 700 February-800 March-800 April-820 May-820 June-900 Total- $4840. There was $400 million of accounts receivable on January 1. 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