Wasson Industries expects credit sales for January, February, and March to be $200,000, $260,000, and $310,000, respectively.

Question:

Wasson Industries expects credit sales for January, February, and March to be $200,000, $260,000, and $310,000, respectively. It is expected that 70% of the sales will be collected in the month of sale, and 30% will be collected in the following month. Compute cash collections from customers for each month.