12 Question: Cash Collections Budget (7 marks + 1 bonus mark) Cornish Cupcake Company prepares monthly cash budgets. Relevant data from operating budgets for 2022 are as follows: 3 4 5 6 7 Total Sales B 9 September October November 250,000 $ 325,000 $ 300,000 Ple Cash Sales Credit Sales 10 Breakdown of Sales 10% 90% 11 12 If w the Month of Month after 13 Collection Pattern from customers for credit sales 40% 60% 14