Cozy Pillows makes decorative throw pillows for home use. The following information was taken The following information was taken from the Cozy from the Cozy Pillows sales budget: (Click the icon to view the first quarter sales budget.) 8 (Click the icon to view information from the dire Data Table Reata Table virements. Data table Cozy Pilows makes decorative throw pillows for home use. The following information was taken from the Cozy Pllows sales budget: (Click the icon to view the first quarter sales budget) Assume the following additional information was gathered about the types of sales made in the fourth quarter (October through December) of the previcus year (Click the icon to view the fourth quartor sales budget.) The following information was taken from the Cozy Pllows direct materials budget: (Click the icon fo view information from the direct materials budget) Read the fecuirements. Requirement 1. Prepare the cash colections budget for January, February, and March, as well as the summary for the frst quarter. Cozy Pillows makes decorative throw pillows for home use. The following information was taken from the Cozy Pillows sales budget: The following in Bis: (Click thy (Click the ic Data Table fourth quarte E\# (Click th) Requiremen Cash sales Collections c Data table 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. Requirements 1. Prepare the cash collections budget for January, February, and March, as well as the summary for the first quarter. 2. Prepare the cash payments budget for direct materials purchases for the months of January, February, and March, as well as a summary for the quarter. Cozy Pillows makes decorative throw pillows for home use. The following information was taken from the Cozy Pillows sales budget: The following information was taken from (Click the icon to view the first quarter sales budget.) (Click the icon to view information Assume the Read the reauirements fourth quarte /Click th Data table