Anderson 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, Anderson Corporation has experienced the following collection pattern 25% received in the month of the sale 50% received in the month after the sale 18%, received two months after the sale 7% of the credit sales are never received COM November sales for last year were $85000, while December sales were $115.000 Projected sales for the next three months are as follows January sales $185.000 February sales $ 130,000 March sales, $190.000 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 dollar) Anderson Corporation Cash Collections Budget For the Months of January through March January February $ 74.000 Cash sales Collections on credit sales 25% Month of sale 50% Month after 27.750 34,500 9,180 18% Two months after 5 145430 Total cash collections