Homework: Chapter 9 Homework (required) Score: 0.5 of 1 pt * 5 of 9 is complete HW Score: 31.75%, 2.86 of 9 pts E9-28A (similar to) Question Help Fielding Corporation has found that 70% of its sales in any given month are credit sales, while the remainderare cash November sales for last year were $110,000, while December sales were $125.000 Processes for the next to sales of the credit sales, Folding Corporation has experienced the following collection pattern months as follows: 25% received in the month of the sale January sales $ 150.000 50% received in the month werthesale February $ 130,000 24% received two months after the sale Marches $ 175.000 1% of the credit sales are never received Requirement Prepare a cash collections budget for the first quarter with a column for each month and for the water. (Round your answers to the nearest whole dolar) Fielding Corporation Cash Collections Budget For the Months of January through March January February 5 45.000 $39.000 $ 52.500 Cashes Collections on credit sales 25% Month of sale 50% Mother 24 Two months 20.250 22,750 43,750 52 500 1840 21,000 133.40 $ 135.250 35000 45.500 25.200 $ 158200 Total cash collections Enter any number in the edities and then click Check