Kaspar Industries expects credit sales for January, February, and March to be $220,000, $260,000, and $300,000, respectively.

Question:

Kaspar Industries expects credit sales for January, February, and March to be $220,000, $260,000, and $300,000, respectively. It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month. Compute cash collections from customers for each month.