$-12+$BIA$1$ABCDEFFG$1$GH$1$J$$K$$LMN$4.$ Calm and Collected is preparing its $2025$ annual budget. You are to prepare the cash collections budget for the first quarter of $2025$ using the following data:a$.$ Budgeted sales for December through March are: $$800,000,$$$450,000,$$$300,000$ and $$650,000,$ respectively.b$.$ The company collects $45\%$ of sales in the month of sale, and $55\%$ in the following month. Bad debts are small enough that Calm and Collected ignores them for budget purposes.

Required: Show calculations in good form for budgeted cash collections in January, February and March $2024.$