\begin{tabular}{l|l} Smith 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, \\ Smith Corporation has experienced the following collection pattern: \end{tabular} Cash Collections Budget For the Months of January through March \begin{tabular}{l} \hline Cash sales \\ Collections on credit sales: \\ 25% Month of sale \\ 50% Month after \\ 24% Two months after \end{tabular}