Gamrnaro Corporation has found that 70% of its sales in any given month are November sales for last year were $90.000, while Docembor sales were credit sales, whie the remainder are cash sales. Of the credit sales, Gammaro $130,000. Projocted saites for the foxt three moniths are as follows: Corporation has experienced the following collection pattern: 20% reoaived in the month of the sale 4076 recelved in the month after tho saite 25% received two months afloc the sale 15% of the credit stes are never recuived Requirement Prepare a cash collectionb budgot for the first quarter, with a column for: each month and for the quarter i Round your ariswors to the neared whole. dellar.) 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 25\% Two months after: Total cash collections