59-10 Cash collections budget (Learning Objective 3) Emerald Service anticipates the following sales revenue over a five-month period: November December January February March Sales revenue.. $16,500 $10,500 $15,500 $12,000 $14,000 The company's sales are 20% cash and 80% credit. Its collection history indicates that credit sales are collected as follows: 30% in the month of the sale 60% in the month after the sale 6% two months after the sale 4% are never collected How much cash will be collected in January? In February? In March? For the quarter in total