Happy Tails Wholesale Inc., a pet wholesale supplier, was organized on March 1, 2008. Projected sales for each of the first three months of operations are as follows:
March .. $450,000
April .. 520,000
May ... 560,000

The company expects to sell 10% of its merchandise for cash. Of sales on account, 50% are expected to be collected in the month of the sale, 40% in the month following the sale, and the remainder in the second month following the sale.
Prepare a schedule indicating cash collections from sales for March, April, and May.