January and February will be paid in full by the beginning of May so it is not included. However, we will have pending balances for March and April.
March's 85% (60+25) will be paid in March and April respectively. So we'll have 15% left to be received from March. And for the month of April only 60% will be done so we'll have 40% still remaining.
Hence, March 15% of 280,000 = 42,000 April 40% of 260,000 = 104,000 Receivable for May = 146,000
Hope it's clear :)
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