7-31 Sales Budget A Sendai clothing wholesaler was preparing its sales budget for the first quarter of 20X8. Forecast sales are as follows (All values are in thousands of yen). January V203.000 February V227.000 March Y248.000 Sales are 40% cash and 606 on credit. Fifty-five percent of the credit accounts are collected in the month of sale. 35% in the month following the sale, and 10% in the following month. No uncollectible accounts are anticipated. Accounts receivable at the beginning of 20X8 are V82.950 (10% of November credit sales of Y150,000 and 45% of December credit sales of V151,000). Prepare a schedule showing sales and cash collections for January, February, and March, 20X8