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co Gammaro 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, Gammaro Corporation has experienced the following collection pattern: 20% received in the month of the sale 40% received in the month after the sale 25% received two months after the sale 15% of the credit sales are never received Gammaro Corporation Cash Collections Budget For the Months of January through March January Cash sales Collections on credit sales: 20% Month of sale 40% Month after 25% Two months after Total cash collections November sales for last year were $110,000, while December sales were $115,000. Projected sales for the next three months are as follows: January sales..... .....$ 155,000 February sales ..... ...S 120,000 March sales $ 195,000 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)