Bentfield Corporation has found that $70\%$ of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Bentfield Corporation has experienced the following collection pattern:

$20\%$ received in the month of the sale

$40\%$ received in the month after the sale

$22\%$ received two months after the sale

$18\%$ of the credit sales are never received

November sales for last year were $$85,000,$ while December sales were $$110,000.$ Projected sales for the next three months are as follows:

$\backslash$table$[[$January sales $.............$ $$,145,000],[$February sales $.............$ $$,115,000],[$March sales.............. $$,165,000]]$

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.$)$

Bentfield Corporation

Cash Collections Budget

For the Months of January through March

Cash sales

Collections on credit sales:

$20\%$ Month of sale

$40\%$ Month after

$22\%$ Two months after

Total cash collections