Homework: Chapter 9 Homework (Sp 22) Monette Corporation has found that 70% of its sales in any given month are credit sales, while the rem sales. Of the credit sales, Monette Corporation has experienced the following collection pattern: 25% received in the month of the sale 50% received in the month after the sale 14% received two months after the sale 11% of the credit sales are never received Monette Corporation Cash Collections Budget For the Months of January through March January Cash sales Collections on credit sales: 25% Month of sale 50% Month after 14% Two months after Total cash collections Help me solve this Video Get more help of its sales in any given month are credit sales, while the remainder are cash ation has experienced the following collection patiem November tales for last year woro $80,000, whie December sales were $120,000. Projected sales for the next months as January sales $ 150,000 February sales $ 130,000 March sales $ 190,000 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) Monette Corporation sh Collections Budget ths of January through March January Clear all Check answer Got more heln