complete requirement 2:

Pillows Internabional makes decorative throw pillows for home use. The following The following information was taken from the Pilows international diroct materit information was taken from the Pillows Intemational sales budget: budget: (Click the icon to view the fint quarter sales budget.) (Click the icon to view information from the direct materials budget.) Assume the following addisional information was gathered about the types of sales made in the fourth quarter (Octobor through Docember) of the previous year: (Click the icon to view the fourth quarter sales budget.) Requirement 1. Prepare the cash collections budget for January, February, and March, as well as the surnmary for the firt quarter. Data table Pillows International Sales Budget: Type of Sale The company's collection history indicates that 75% of credit sales is collected in the month after the sale, 15% is collected two months after the sale, 8% is collected three months after the sale, and the remaining 2% is never collected. vata table Pillows International Sales Budget: Type of Sale For the Quarter Ended December 31 Requirement 2. Prepare the cash payments budget for direct materials purchases for the months of January, Fobruary, and March, as well as a summary for the quarte