mework (2022) Question 3, E9-30A (similar to) Part 2 of 4 Bentfield Corporation has found that 80% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Bentfield Corporation has experienced the following collection pattern 25% received in the month of the sale 50% received in the month after the sale 20% received two months after the sale 5% of the credit sales are never received HW Score: 25.79%, 1.81 of 7 points Points: 0.25 of 1 Save November sales for last year were $100,000, while December sales were $125,000 Projected sales for the next three months are as follows: January sales. February sales. $ 160,000 $ 130,000 $170,000 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 Bentfield Corporation Cash Collections Budget For the Months of January through March January February 32,000 26000 32,000 26000 50% Month after 50,000 20% Two months after 16,000 130,000 Total cash collections CID