E9-28A (similar to) Question Help * Berkner Corporation has found that 60% o its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Berkner Corporation has experienced the following collection pattern: November sales months are as follows: or last year were $85 000 while December sales were $125,000. Pro ected sales or the next thee January sales. 20% received in the month of the sale 40% received in the month after the sale 25% received two months after the sale 15% of the credit sales are never received $ 170,000 $ 130,000 $200,000 February sales March sales Requirement Prepare a cash collections budget for the first quarter, with a column for each month and for the quarter. (Round your answers to the nearest whole dollar.) Berkner Corporation Cash Collections Budget For the Months of January through March January Cash sales Collections on credit sales: 20% Month of sale 40% Month after 25% Two months after Total cash collections