1. Texas Manufacturing Company created the following sales budget for the first five months of 2020 : Wairs aie 40% iur casn and bu\% tor credit. Credit sales are collected 30% in the month of the sale, 60% in the month following the sale, and 5% in the second month following the sale. The remainder of credit sales is uncollectible. Complete the following schedule of expected cash collections. December sales totaled $450,000. There were no sales in November