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Fielding Corporation has found that 70% of its sates in any given month are credit sates, while the remainder are cash sales. Of the credit

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Fielding Corporation has found that 70% of its sates in any given month are credit sates, while the remainder are cash sales. Of the credit sales. Fielding Corporation has experienced the following collection pattern: 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. 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.) Fielding Corporation Cash Collections Budget For the Months of January through March Cash sales Collections on credit sales 20% Month of sale 40% Month after 25% Two months after Total cash collections

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