Gammaro Corporation has found that 70% of its sales in any given month are November sales for last year were $95,000, while Decenber salea credit sales, while the remainder are cash sales. Of the credit sales, Gammaro wore $110,000. Projected sales for the next three months are Corporation has experienced the following collection pattern: as follows: 25% recelvod in the month of the sale 50% received in the month atter the sale February sales.............. 5.120,000 20% received two months after the sale March sales...................5 185,000 5. of the credi sals5 are never recelved Requirement Prepare a cash collections budget for the first quartar, with a columin for Gammaro Corporation Cash Collections Budget For the Months of January through March January Cisch fives Calluctions on credit sales. 25% Month of bale 60 Wonth afler 20\% Two thenhe-atler