Ahmed Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be 5902,000 in October, 5062.000 in November 51.036.000 in December, and $936,000 in January. Ahmeds nates are 25% cash and 75% credit. The company's collection history indicates that credit as we clincted follows 20% in the month of the sale 65% in the month after the sale 8% two months after the sale 7% are never collected Requirements 1. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales 2. Prepare a cash collection budget for December and January, Round all answers up to the nearest dollar October November December January Cash sales Credit sales Total sales