Bakersfield Wholesalers has found that 84% of its sole in any given month are while the remainder hot the credit Beeld Wheer as experienced follow coledion pattem 24% paid in the 48% paid in the month where we 22% do monisere of the recorded November sales for last year were 581,000, while December sales were 120,500. Projected as the month follows: Januales $ 1630 February 125.000 March 11.000 Requirement Prece a collection budget for the first wiha turn for each other for the artw Cash Cute Buget January 20.000 Collection on 40% Mother 22 TWO Bakersfield Wholesalers has found that B4% 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: 24% paid in the month of the sale 48% paid in the month after the sale 22% paid two months after the sale 2% of the sales are never collected November sales for last year were $81,000, while December sales were $120,500. Projected sales for the next three months are as follows: January sales $ 163,000 February sales $ 128,000 March sales $ 178.000 Requirement Prepare a cash collections budget for the first quarter, with a column for each month and for the quarter. OTTE (Round your answers to the nearest whole dollar) Bakersfield Wholesalers Cash Collections Budget For the Month of January through March January Caths 5 25.080 Collections on credit 24 Month of 40 Month 22% two month