3 of 5 (1 complete %E9-28A (similar to) HW Score: 1%, 0.05 of 5 pts Question Help 0 Sweeney Corporation has found that 80% of its sales in any given month are credit sales, while the remainder are cash sales of the credit sales, Sweeney Corporation has experienced the following collection pattern 25% received in the month of the sale 50% received in the month after the sale 24% received two months after the sale 1% of the credit sales are never received November sales for last year were $95.000, while December 115.000. Projected for the next three months are as follows January sales $ 170,000 February sales $ 130.000 Marsh sales $190.000 Requirement Prepare a cash collection budget for the first quarter, with column for each month and for the Round your answers to the nearest whole dolar) Sweeney Corporation Cash Collections Budget For the Months of January through March January February 5 34.000 Cash sales Collections on credit sal 25% Month of sale 50% Month after 24% Two months after 34,000 40,000 18.240 5 132.240 Total cash collections