budgeted sales (all on account) $ 320,000 $ 520,000 $ 180,000 $ 1,020,000 from past experience, the company has learned that 30% of a month’s sales are collected in the month of sale, another 65% are collected in the month following sale, and the remaining 5% are collected in the second month following sale. bad debts are negligible and can be ignored. february sales totaled $250,000, and march sales totaled $280,000.