Bakersfield Wholesalers has found that 81% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Bakersfield Wholesalers has experienced the following collection pattern: November sales for last year were $84,000, while December sales were $121,500. Projected sales for the next three months are as follows: 24% paid in the month of the sale January sales $ 165,000 48% paid in the month after the sale February Sales $ 128,000 18% paid two months after the sale March sales $ 184.000 10% of the sales are never collected 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.) Bakersfield Wholesalers Cash Collections Budget For the Months of January through March January February March Quarter Cash sales Collections on credit sales: 24% Month of sale 48% Month after 18% Two months after Total cash collections