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14. (10 marks) (For this question, you don't need to show your work. Just insert the numbers in above tables) Mario's Tacos is a popular Mexican restaurant. The following is Mario's Tacos sales forecast by quarter for the upcoming year. Mario's Tacos Sales Budget For the Year ending ecember 31. 2020 01 Q2 93 04 $100,000 $105.000 $115.000 Year $410.000 Sales $10.000 In addition, sales in Q4 of 2019 totaled $90,000. According to the company's sales records, 90% of sales are made in cash and the remaining 10% are invoiced to corporate clients (credit sales). Assume the following historical trends were noted by management regarding credit sales: 80% of credit customers pay during the quarter in which the sale takes place. -20% of credit customers pay in the quarter immediately following the quarter of sale. required Calculate the forecasted sales for each quarter separated into cash and credit sales. Mario's tacos Sales Budget For the Year ending December 31, 2020 Q1 Q2 Q3 $100,000 $105,000 $20.000 $115.000 Year $110.000 Total Sales Cash Sales Credit Sales b, Prepare the cash collection per quarter section of the 2020 cash budget worksheet (on a quarterly basis). 04 Year Mario's tacos Cash Collection per Quarter For the Year ending December 31, 2020 Q1 Q2 Q3 Cash Sales Current Credit Collection Previous Quarter Collections Total Cash Receipts