A Kyoto clothing wholesaler was preparing its sales budget for the first quarter of 20X8.

Forecast sales are as follows (in thousands of yen):

Sales are 20 per cent cash and 80 per cent on credit. Fifty per cent of the credit accounts are collected in the month of sale, 40 per cent in the month following the sale, and 10 per cent in the following month. No uncollectible accounts are anticipated. Accounts receivable at the beginning of 20X8 are ¥96 million (10 per cent of November credit sales of ¥180 million and 50 per cent of December credit sales of ¥156 million).

Prepare a schedule showing sales and cash collections for January, February and March 20X8.

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January February March ¥200,000 ¥200,000 ¥240,000