Gammaro Corporation has found that 80% of its sales in any given month are credit sales, while the remainder are cash sales of the credit sales, Gammaro Corporation has experienced the following collection pattem November sales for last year were $85,000, while December sales were $110.000. Projeded sales for the ne three months are as follows: 25 received in the month of the sale 505 received in the month after the sale 15% received two months after the sale January sales S 175.000 February sales 5 115.000 March sales $ 180.000 Requirement 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) 109 of the credit sales are never received Gammaro Corporation Cash Collections Budget For the Months of January through March January February March Quarter Cash sales Collections on credit sales 25. Worth of sale 50% Month after 15-Two months after Total cash collections Erran number in the cost fields and then continue to the next