Kerwin Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales Of the credit sales, Kerwin Corporation has experienced the following collection pattem 25% received in the month of the sale 50% received in the month after the sale 15% received two months after the sale 10% of the credit sales are never received November sales for last year were $105,000, while December sales were $115,000 Projected sales for the next three months are as follows: January sales... February sales. $175,000 $125,000 $ 185,000 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 15% Two months after Total canh colections Kerwin Corporation Cash Collections Budget For the Months of January through March January February March Quarter CHO