Cash collections budget for January, February, March and quarter

St: Germaine Corporation has found that 70% of is siles in any given month are credt saies while the remainder are cash sales. Of the credit sales, St. Germaine Corporation has November sales for last year were $110,000, while December sales were $115,000 experienced the following colloction patern: Propectod sales for the next three months are as follows: 20% receled in the month of the sale 40% receved in the month atier the sale 22% receved two months ater the sale 18% of the credt sales are never receved January a ales i................. 155,000 February sales $125,000 March sales.................. \$ $95,000 Requirement Prepare a cash collections budget for the first quarter, with a column for each month and for the quarec. (Round your answers to the nearest whole dollar) st. Oermaine Corporation Cash Collections Budget For the Months of January through March Cash sales Colnctions on credit 1ies 20\% Month of aale 40N Morth aher 22% Two monthe ator Total cash collections