The budgeted monthly service revenues for China Transport Solutions Ltd for January to June are as follows:

January February March April May June

$840000 760000 820000 860000 900000 960000

All of the firm’s invoicing for services is on a credit basis. All payments received from clients on time receive a 5% discount. All fees are due the month after the services are performed. Approximately 75% of the credit billings are collected in the month following the service, 15% are collected in the second month following, and 10% are collected in the third month after invoicing. Ignore GST.

Required

Calculate the forecast cash receipts from clients for April, May and June.