19(a)(2) Cash receipts budget (6 points) The director of budgeting for Bond Products is beginning the process of preparing a cash budget for each month of the coming year. The sales forecast for the month of January is as follows: Estimated cash sales 90,000 Estmated sales on account In the past, the accounts receivable originating from credit sales have been collected in the following pattern: n the month of sale n the first month following the sale In the second month following the sale Written off as uncollectible I 5% 0% 5% 10% Credit sales in the last year-end, were as follows: two months of the current year, some of which remain uncollected at November $580,000 December s730,000! Compute the amount of cash expected to be collected from customers in January of the coming year. Amount: Show your work below