2. Marie Sharp Ltd. anticipates the following sales revenue over a five-month period: November December January February March Sales Revenue $16,000 $10,000 $15,000 $12,000 $14,000 Marie Sharp's sales are 25% cash and 75% credit. Based on collection history, collection of credit sales are expected to be as follows: 30% in the month of sale 60% in the month after the sale 6% two months after the sale 4% are never collected Requirement: Calculate how much cash will be collected in January, February and March respectively. Also indicate the total cash to be collected for the first quarter of the year. (30 marks)