Bentfield Corporation has found that 80% of its sales in any given month are credit sales, while the remainder are November sales for last year were $105,000, while December sales were $115,000. Projected sales for the cash sales. Of the credit sales, Bentfield Corporation has experienced the following collection pattern: next three months are as follows: 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.) Alderman Corporation Cash Collections Budget For the Months of January through March Cash sales Collections on credit sales: 25% Month of sale 50% Month after 14% Two months after Total cash collections