Alderman Corporation has found that 60% 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: 20% received in the month of the sale 40% received in the month after the sale 25% received two months after the sale 15% of the credit sales are never received November sales for last year were $85,000, while December sales were $120,000. Projected sales for the next three months are as follows: 130,000 $ 200,000 March sales 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.)