Alderman Corporation has found that 80% 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 24% received two months after the sale 16% of the credit sales are never received Alderman Corporation Cash Collections Budget For the Months of January through March January 29,000 Cash sales Collections on credit sales: 20% Month of sale 40% Month after 24% Two months after Total cash collections November sales for last year were $110,000, while December sales were 5130,000. Projected sales for the next three months are as follows January sales.... $ 145,000 February sales $ 135,000 March sales ............. $ 185,000 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 della