JLC Manufacturing is preparing its budget for the first quarter of 2018. The following sales figures have been projected for the first five (5) months of 2018. MONTH UNITS January 30,000 February 90,000 March 60,000 April 45,000 May 36,000 The estimated selling price per unit is $5.00, management expects to collect 50% of the sales in the month of sale, 45% in the following month and 5% will be uncollectible. The Accounts Receivable balance as at December 31, 2017 is estimated at $60,000 and will be collected in January 2018. Required: a) Prepare a Sales Budget for JLC Manufacturing for the period January to March 2018. (3 Marks) b) Prepare a Cash Collection Budget for the period January to March 2018. (6 Marks)