Bentfield Corporation has found that 80% 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: 25% Month of sale 50% Month after 15% Two months after Enter any number in the edit fields and then click Check Answe parts 25% received in the month of the sale 50% received in the month after the sale 15% received two months after the sale 25% Month of sale 50% Month after 15% Two months after Enter any number in the edit fields and then click Check Answer. 50% received in the month after the sale 15% received two months after the sale 10% of the credit sales are never received 25% Month of sale 50% Month after 15% Two months after Enter any number in the edit fields and then click Check Answer. November sales for last year were $105,000, while December sales were $115,000. Projected sales for the next three months are as follows: January sales. ... $ 145,000 3 Question Heli January sales...... February sales. March sales ... . $ $ . $ 145,000 125,000 180,000 Question Help March sales ................. $ 180,000 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.) 15% received two months after the sale 10% of the credit sales are never received For the Months of January through March January 29000 Cash sales Enter any number in the edit fields and then click Check Answer. 15% received two months after the sale 10% of the credit sales are never received Collections on credit sales: 25% Month of sale 50% Month after Enter any number in the edit fields and then click Check Answer. 15% received two months after the sale 10% of the credit sales are never received 50% Month after 15% Two months after Total cash collections Enter any number in the edit fields and then click Check