Question: When Smith Corporation analyzed its payments from customers, it found that 30% of the invoiced amounts were paid in the same month as the work

When Smith Corporation analyzed its payments from customers, it found that 30% of the invoiced amounts were paid in the same month as the work was done and the other 70% were paid in the following month. Revenue information for selected months is presented below:

Month Revenue

November 2021 $85,000

December 2021 90,000

January 2022 92,000

February 2022 87,000

March 2022 69,000

April 2022 83,000

Calculate the monthly cash receipts for January, February, and March of 2022.

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