Barrera€™s Outdoor Outfitters sells many items that sporting enthusiasts find useful. The company sells shoes, pants, shirts, jackets, fly-fishing equipment, hiking equipment, hunting equipment, and various other products. The following sales projections were prepared by the company€™s sales manager and include all items for each of the first seven months of 2010:

The average sales price per item is $12. The company estimates that it collects 70 percent of each month€™s sales in the month of sale and 20 percent the following month. The remaining outstanding sales are collected in the next month. The balance of accounts receivable on December 31, 2009, was $141,600. Of the accounts receivable balance, $33,600 represents uncollected November sales.

Required
Prepare a cash receipts budget for January through June of2010.

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Month January February March April Sales Volume 25,000 27,000 32,000 28,500 Month May June July Sales Volume 31,400 34,500 36,700