Acme Corporation's collection pattern is as follows: - 40% of sales are cash sales with the remainder being credit sales. - 70% of credit sales are collected in the month of sale. - 25% of credit sales are collected during the month following the sale. - 5% of credit sales are uncollectible. - Actual sales for December 2023 are $550000. - Projected sales for the first three months of 2024 are: REQUIRED: Determine total cash collected for the first three months of 2024 as well as the Quarter 1 total