30% cash and 70% credit. The company's collection history indicates that credit sales are collected as follows Tower Roads, manufacturer of suxophone, obon, and clarinet ronde, les projected sales to be 3902.000 in October, 1964,000 in November, $1.040.000 in December, and 100,000 in Juny Ter's soles un 20% in the month of the sale 65% in the month after the sale 12% two months or the sale 3% are never collected Requirements 1. Prepare a sales budget for all four months, showing the breakdown between cash and credits 2. Prepare a cash collection budget for December and January, Round all answers up to the nearest dollar Requirement 1. Prepare a sales budget for all four months, showing the breakdown between cash and credit salen. Trever Reeds Sales Dudget For the Four Months Ended January October November December January Cash sales Credit salos Total sales