LaChut Corporation has found that 80% of its sales in any given month are credit November sales for last year were $85,000, while December sales were sales, while the remainder are cash sales of the credit sales, LaChut Corporation $110,000 Projected sales for the next three months are as follows: has experienced the following collection patter January sales $ 175,000 25% received in the month of the sale February sales $ 115,000 50% received in the month after the sale March sales $ 185,000 18% received two months after the sale Requirement 7% of the credit sales are never received Prepare a cash collections budget for the first quarter, with a column for eac month and for the quarter (Round your answers to the nearest whole dollar LaChut Corporation Cash Collections Budget For the Months of January through March January Cash sales Enter any number in the fields and the Cash sales Collections on credit sales: 25% Month of sale 50% Month after 18% Two months after Total cash collections ales