National Beverage Company anticipates the following first-quarter sales for 2015: $1,808,000 (January), $1,669,000 (February), and $2,157,000 (March). It posted the following sales figures for the last quarter of 2014: $1,843,000 (October), $ 2,033,000 (November), and $ 2,107,000 (December). The company sells 38% of its products on credit; 62% are cash sales. The company collects credit sales as follows: 29% in the following month, 50% two months later, and 18% three months later, with 3% defaults. What are the anticipated cash inflows for the first quarter of 2015?
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