2 Cash Budgeting The sales budget for your company in the coming year is based on a quarterly growth rate of 10 percent with the first-quarter sales projection at 5225 million. In addition to this basic trend, the seasonal adjustments for the four quarters are 0, -516,-S8, and S21 million, respectively Generally, 50 percent of the sales can be collected within the quarter and 45 percent in the following quarter, the rest of the sales are bad debt. The bad debts are written off in the Necond quarter after the sales are made. The beginning accounts payable balance is S104 million. Assuming all sales are on credit, compute the cash collections from sales for each quarter