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Elias Company has prepared a budget for the first six months of 2020. Monthly budgets for revenues are provided at left. Experience indicates that Elias

Elias Company has prepared a budget for the first six months of 2020. Monthly budgets for revenues are provided at left. Experience indicates that Elias will collect 75% of sales in the month of sale, 15% in the month following the sale, and 7.5% in the second month after the sale. The remaining 2.5% of sales are expected to be uncollectible. Prepare a cash collections budget for Elias for the months of March, April, and May 2020. Show your work.

Revenues budget:
January 8,537,500
February 9,748,615
March 10,250,324
April 8,904,561
May 12,358,975
June 14,548,289
64,348,264
Collections experience:
Month of sale 75.0%
Month after sale 15.0%
2 months after sale 7.5%
Uncollectible 2.5%
100.0%

Please so some calculations, I'm having difficulty trying to follow just numbered answers.

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