A Japanese clothing wholesaler was preparing budget for the first quarter of 20x2. Forecast sales are in thousands of dollar Sales arc 20% cash and 80% on credit. Fifty percent of the credit account are collected in month of sales, 40S in the month following of sales, and 10% in the following month. No uncollectible account are anticipated Accounts receivable x the beginning of 20x2 are $94 million (10% of November credit sales of $160,000 and 50% of December credit sales of $156 million.) Prepare a schedule showing sales and cash collection for January, February, and March, 20 x 2