Alderman Corporation Cash Collections Budget For the Months of January through March Cash sales Collections on credit sales: \20 Month of sale \40 Month after \24 Two months after Total cash collections Alderman Corporation has found that \70 of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Alderman Corporation has experienced the following collection pattern: November sales for last year were \\( \\$ 90,000 \\), while December sales were \\( \\$ 115,000 \\). Projected sales for the next three months are as follows: Requirement Prepare a cash collections budget for the first quarter, with a column for each month and for the quarter. (Round your answers to the nearest whole dollar.)