Ahmed Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be S902.000 in October, $962,000 in November, $1,030.000 in December, and $922,000 in January Ahmed's sales are 25 % cash and 75 % credt. The company's collection history indicates that credit sales are collected as folows 20% in the month of the sale 65% in the month after the sale 12% two months after the sale 3% 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. Requirement 1. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales. Ahmed Reeds Sales Budget For the Four Months Ended January October December November January Cash sales Credt sales Total sales