Anderson 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, Anderson Corporation has experienced the following collection pattern 25% received in the month of the sale 50% received in the month after the sale 14% received two months after the sale. 11% of the credit sales are never received Anderson Corporation Cash Collections Budget For the Months of January through March January Cash sales Collections on credit sales: 25% Month of sale 50% Month after 14% Two months after Total cash collections CEO November sales for last year were $85,000, while December sales were $120,000. Projected sales for the next three months are as follows January sales.. February sales March sales. Requirement $170,000 $ 135,000 $ 195,000 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)