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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

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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, Anderscn Corperation has experienced the following collection pattern: 25% recrived in the month of the sale 50% recelved in the month atare the sale 14:\$ received two months affer the sale 11% of the creds sales are never neceived November sales for last year were $95,000, while December sales were $120,000. Projected sales for the next three months are as follows: Requirement Prepare a cash colloctions budget for the frst quarter, with a column for each month and for the quarter. (Round your answers to the nearest whole dollar.)

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