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Rockers expects total sales of $ 701,000 for January and
$351,000 for February Assume that Rockers's sales are collected as follows:
| 60% in the month of the sale |
| 30% in the month after the sale |
| 7% two months after the sale |
| 3% never collected |
November sales totaled $397,000, and December sales were $400,000.
Prepare a schedule of cash receipts from customers for January and February. Round answers to the nearest dollar.
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