\begin{tabular}{|c|c|c|c|c|c|} \hline & & \begin{tabular}{r} Sales Bud \\ For the Quarte \end{tabular} & \begin{tabular}{l} Ilows.com \\ dget: Type of Sale \\ Ended Decemb \end{tabular} & 31 & \\ \hline Type of Sale: & & October & November & December & 4th Quarter \\ \hline Cash sales (10\%) & $ & 142,500$ & 151,100$ & 137,000$ & 430,600 \\ \hline Credit sales (90%) & & 1,282,500 & 1,359,900 & 1,233,000$ & 3,875,400 \\ \hline Total sales revenue & $ & 1,425,000$ & 1,511,000$ & 1,370,000$ & 4,306,000 \\ \hline \end{tabular} Print Done The company's collection history indicates that 75% of credit sales is collected in the month after the sale, 15% is collected two months after the sale, 8% is collected three months after the sale, and the remaining 2% is never collected. Data table Pillows.com Excerpt from Direct Materials Budget For the Quarter Ended March 31 Assume that the total cost of direct materials purchases in December was $725,000. The company pays 40% of its direct materials purchases in the month of purchase, and pays the remaining 60% in the month after purchase. Plows com makes decorative throw pllows for home use. The folowing information was taken from the Pllows com sales bublot Cide the icsa to vew the fint quarkr wies budpet) Assume the following additonal information was gathered about the bypes of sales made in the fourth quarter (October through Decemben of the previout year (Click the ican to view the lourh quarter sales budget) The following information was taken from the Pliows com drect muserials budget. (Cick the icon to verw information from the drect materlin budget) Requirement 1. Prepare the cash collections budget for January. Febnary, and March, as wet as ithe summary for the frit quarier