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Cambell Corporation anticipates the following sales revenue over a five month period: November December January February March Sales revenue $20,000 $22,000 $26,000 $18,000 $21,000 Campbell

Cambell Corporation anticipates the following sales revenue over a five month period: November December January February March Sales revenue $20,000 $22,000 $26,000 $18,000 $21,000 Campbell Corporation's sales are 40% cash and 60% credit. The Cambell 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.

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