Leret Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $908,000 in October, $950,000 in November, $ 1, 065,000 in December, and $938.000 in January. Leret's sales are 30% cash and 70% credit. The company's collection history indicates that credit sales are collected as follows: 20% in the month of the sale 65% in the month after the sale 10% two months after the sale 5% are never collected 1. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales. 2. Prepare a cash collection budget for December and January. Round all answers up to the nearest dollar. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales