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

January

February

March

April

May

Junc

Total

$ millions

$ 700

800

800

820

820

900

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 reccived 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 reccived from sales for the first half of the

e.