Financial budgets: cash inflows Worthington Company makes cash (20% of total sales), credit card (50% of total sales), and account (30% of total sales) sales. Credit card sales are collected in the month following the sale, net a 3% credit card fee. This means that if the sale is $100, the credit card company??s fee is $3, and Worthington receives $97. Account sales are collected as follows: 40% in the first month following the sale, 50% in the second month following the sale, 8% in the third month following the sale, and 2% never collected. The following table identifies the projected sales for the next year:

Prepare a statement showing the cash expected each month from the collections from thesesales.

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WORTHINGTON COMPANY PROJECTED SALES MONTH SALES MONTH SALES January February March $12,369,348 July $21,747,839 14,908,534 15,936,293 August 13,294,309 September 11,984,398 18,894,535 April May June 19,373,689 October 20,957,566 November 21,983,545 18,874,717 December 20,408,367