Lernet Reeds, a manufacturer of saxophont, bon, and clarinet reeds, has projected sales to be $892,000 in October, $962,000 in November $1,050,000 in December, and $24,000 in January Laret's sales are 30% cash and 70% credit. The company's collection or indicates that credit we collected as follow 20% in the month of the sale 65% in the mother the sale 10% two months or the sale 5% e ver collected Requirements 1. Prepare a sales budget for all four months showing the breakdown between cash and credits 2. Prepare a cash collection budget for December and January, Round wwers up to the nearest do Requirement Pressu r e whowing the cash and credit For the October Sales Budget Month End January November December January Casas Requirement. Per c o n to December and Round Loreto Budgeted Cash Collections from Customers For the Month of December and January MacBook Air Zaw GLHK otal sales Requirement 2. Prepare a cash collection budget for December and January, Round a nswers up to the newest dollar January Leret Reeds Budgeted Cash Collections from Customers For the Months of December and January December Cash sales Collection of credit sales: 20% of current month credit sales 65% of prior month credit sales 10% of credit sales two months ago Total collection of credits Total cash collections Enter any number in the edit fields and then continue to the next question MacBook Air Za/W/EIRITIYU