Refer to the Grippers sales budget that you prepared in Short Exercise S22A- 15. Now assume that Grippers’ sales are collected as follows:

S22- 17

50% in the month of the sale

30% in the month after the sale

18% two months after the sale

2% never collected

November sales totaled $ 400,000 and December sales were $ 425,000. Prepare a schedule for the budgeted cash receipts from customers for January and February.

Round answers to the nearest dollar.