Anderson Corporation has found that 80% of its sales in any given month are credit November sales for last year were $90,000, whilo December sales were $110,000 salos, while the remainder are cash sales of the credit sales, Anderson Corporation Projected sales for the next three months are as follows: has experienced the following collection pattern January sales... $ 155,000 25% received in the month of the sale February sales $ 115,000 50% received in the month after the sale March sales. $ 180,000 18% received two months after the sale Requirement 7% of the credit sales are never received 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.) Cash Collections Budget For the Months of January through March January February March Quarter Cash sales 31000 23000 38000 90000 Collections on credit sales: 25% Month of sale 50% Month after 18% Two months after Total cash collections