Cheyenne is developing a forecast for cash receipts for the first quarter of the year. Credit sales for the quarter are estimated to be $600,000. The accounts receivable balance from the fourth quarter of the prior year is $580,000. All other accounts receivable from the prior year have been collected or written off. On average, collections of 50% occur during the quarter, 20% in the next quarter, and 25% two quarters after a sale. At the end of the year, 5% are written off as uncollectible. Calculate the budgeted cash receipts for the first quarter from credit sales. (Do not leave any answer field blank. Enter O for amounts. Round answers to O decimal places. Cash Collections From two quarters prior $ From the previous quarter sales From the current quarter sales Total current quarter $