In the coming year, Game Monster, Inc. will be introducing its fi rst product, a wrist brace that protects serious video gamers from repetitive-motion injuries. The brace will be sold for $12 to retailers throughout the country. All sales will be made on account. An expected 70 percent of sales will be collected within the quarter of the sale, and another 25 percent in the quarter following the sale. The remaining 5 percent of credit sales are expected to be uncollectible. The sales budget for the coming year is as follows:

Required
Prepare Game Monster, Inc.’s cash receipts budget for the comingyear.

1st Quarter 25,000 2nd Quarter 40,000 3rd Quarter 50,000 4th Quarter 80,000 Budgeted sales units