For Jan/ Feb/ Mar

St Gemane Corporation has found that 60% of its sales in any given month are credit sales, while the remainder are cash sales of the credit sales, St Germaine Corporation has experienced the following collection pattern 25% coned in the month of the sale so received in the month after the sale 10 received two months after the sale the creare never received November sales for last year were $110.000, while December sales were $120.000 Projected sales for the next three months are as follows: January sales..............$ 145,000 February sales ........$125,000 March sales $ 165,000 Requirement Prepare a cash collection budget for the first quarter with a columns for each money and to the quarto (Round your answers to the nearest wholo dollar) St. Germaine Corporation Cash Collections Budget For the Months of January through March January S 68,000 Cash sales Collections on credit sales 25% Month of sale 50% Month after 18% Two months after Total cash collections