The Warrenburg Antique Mall budgeted credit sales in the first quarter of 2018 to be as follows:
January .......................$160,000
February....................... 170,000
March ..........................182,000
Credit sales in December 2017 are expected to be $200,000. The company expects to collect 70 percent of a month's sales in the month of sale and 30 percent in the following month.
Required
Estimate cash receipts for each month of the first quarter of 2018.