Gammaro Corporation has found that 60% of its sales in any given month are credit sales, whle Novernber sales for last year wero $95,000, while December sales were $110,000 the remainder are cash sales. Of the credt sales, Gammaro Corporation has expecienced the Projected sales for the noxt three months are as follows: following colloction pattern January sales ................ \$ 155,000 20% received in the month of the sale 40% received in the month ather the sale 22% recained too months afer the sale 18% of the creds sales are never teceived March sales................... 5 195,000 Regulrement Prepare a cash collections budget for the frest quarter, with a column for each month and foe the quarser. (Hound your answars to the nearest whoie dolat.) Gammaro Corporation Cash Collections Budget For the Months of January through March Cash sales Collections on credit sales: 20% Month of sale 40% Month after 22% Two months after Total cash collections 18,60026,40012,540$119,540$