E7-31 (similar to) A Question Help A Tokyo clothing wholesaler was preparing its sales budget for the first quarter of 20X8. Forecast sales are as follows (in thousands of yen): (Click the icon to view the sales forecast.) Sales are 30% cash and 70% on credit. Sixty-five percent of the credit accounts are collected in the month of sale, 25% in the month following the sale, and 10% in the following month. No uncollectible accounts are anticipated. Accounts receivable at the beginning of 20X8 are \112,450 (10% of November credit sales of WS130,000 and 65% of December credit sales of $153,000). Requirement 1. Prepare a schedule showing sales and cash collections for January, February, and March, 20X8. (Enter all values in thousands of yen): Requirement 1. Prepare a schedule showing sales for January, February, and March, 20X8. Sales budget Data Table x Credit sales January 145,600 62,400 February 155,400 66,600 March 170,800 73,200 Cash sales 208,000 222,000 244,000 Total sales January February March 208,000 222,000 244.000 Prepare a schedule showing cash collections for January, February, and March, 20X8. Cash collections from customers Print Done March Cash sales \ For current month sales January 62.400 94,640 38,250 13,000 February 66,600 101,010 36,400 15,300 73,200 111,020 38,850 14.560 For sales from 1 month prior For sales from 2 months prior 208,290 219,310 237,630 Total collections from customers