HIM CORP anticipates the following sales revenue over a five-month period:

November December January February March

Sales revenue $20,000 $22,000 $26,000 $18,000 $21,000

Bauer's sales are 40% cash and 60% credit. Bauer's collection history indicates that

credit sales are collected as follows:

Month of sale 20%

Month after sale 50%

Two months after sale 25%

Uncollectible 5%

Required:

what are the cash collections budget for each month in the quarter (January, February,

and March).