Byerly Corporation anticipates the following sales revenue over a five-month period:

Byerly Corporation's sales are 40% cash and 60% credit. The Byerly Corporation's collection history indicates that credit sales are collected as follows:

Month of sale	20%
Month after sale	50%
Two months after sale	25%
Uncollectible	5%

Required:

Prepare a cash collections budget for each month in the quarter (January, February, and March) and for the quarter in total.

Sales revenue November $18,000 December $24,000 January $28,000 February S18,000 March S21,000