Compute the cash collections from sales for each month from January through March. Calculating the Cash Budget [LO3] Here are some important futures from the budget of Nashville Nougats, Inc, for the second quarter of 2015: The company predicts that 5 percent of its credit sales will never be collected. 35 percent of its sales will be collected in the month of the sale, and the be collected in the following month Credit purchases will be paid in the month following the purchase. In March 2015, credit sales were $235,000 and credit purchases were $161, 300. Using this information, complete the following cash budget: Sources and Uses [LO4] Below are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each it source or a use of cash and the amount