credit. The company's collection history indicates that credit sales are collected as follows:

View the credit sales collection history.

Requirements

Prepare a sales budget for all four months, showing the breakdown between cash and credit sales.

Prepare a cash collection budget for December and January. Round all answers up to the nearest dollar.

Requirement $1.$ Prepare a sales budget for all four months, showing the breakdown between cash and credit sales.

Gustev Reeds

Sales Budget

For the Four Months Ended January

Credit sales collection history

$20\%$ in the month of the sale

$65\%$ in the month after the sale

$12\%$ two months after the sale

$3\%$ are never collected