Holiday Corporation has found that 60% of its sales in any November sales for last year were $90,000, while given month are credit sales, while the remainder are cash December sales were $115,000. Projected sales for the sales. Of the credit sales, Holiday Gorporation has next three months are as follows experienced the following collection pattern January sales............... $145,000 25% recerved in the month of the sale February sales .............. 125,000 50% received in the month aiter the sale March sales.................. 180,000 16% received two months after the sale Requirement 9% of the credit sales are never received 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.) Holiday Corporation Cash Collections Budget For the Months of January through March Cash sales Collections on credit sales 25% Month of sale 50% Month alter 16% Two months after Total cash collections