Monachino 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 Monachino Corporation has experienced the following collection pattam 3 November sales for last year were $85,000, while December sales were $110.000. Proced sales for the next three months are as follows: January sales $185.000 February sales $ 115,000 March sales $ 200.000 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) . dules ols > 25% received in the month of the sale 50% received in the month after the sale 18% received two months after the sale 7% of the credit sales are never received Cash Collections Budget For the Months of January through March January February Cash sales $ 37,000 $ 23,000 Collections on credit sies 25% Month of sale 37.000 23,000 50% Month after 44,000 18% Two months after 12.240 $ Total cash collections 130 240 Enter any number in the edit fields and then click Check Answer. 2 parts Clear All Check Answer remaining Pearson