Homework: Chapter 09 Graded Homework Score: 0 of 5 pts E9-30A (similar to) 44 of 6 (2 complete) Alderman 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, Alderman Corporation has experienced the following collection pattern 25% received in the month of the sale 50% received in the month after the sale 24% received two months after the sale 1% of the credit sales are never received Save HW Score: 10%, 3 of 30 pts Question Help * November sales for last year were $90,000, while December sales were $120,000. Projected sales for the next three months are as follows: January sales... $ 155,000 February sales. $ 125,000 $ 170,000 March sales. 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.) Cash sales Collections on credit sales 25% Month of sale 50% Month after 24% Two months after Total cash collections Alderman Corporation Cash Collections Budget For the Months of January through March January