. A Tahara clothing wholesaler was preparing its sales budget for the first quarter of 20X8. Forecast sales are as follows (in thousands of yen: 7 (Click the icon to view the sales forecast.) Sales are 20% cash and 80% o crdt. Sixty per ent of the aedit a counts are collected in the month ofsale, 30% n the month month. No uncollectible accounts are anti ated. Accounts eceivable at the beginning of 2 X8 are 107,800 10% of November December credit sales of V$158,000). ingthe sale, and 10% nthe fol redit sales ons 130 00 and 6 % of in Requirement 1. Prepare a schedule showing sales and cash collections for January, February, and March, 20X8. (Enter all values in thousands of yen): Requirement 1. Prepare a schedule showing sales for January, February, and March, 20X8 Sales budget January February March Credit sales Cash sales Total sales Prepare a schedule showing cash collections for January, February, and March, 20X8. Cash collections from customers January February March Cash sales V For current morth sales For sales from 1 month prior For sales from 2 months prior Total collections from customers 7: Data Table January 201,000 February 230,000 March 246,000