Monette Corporation has found that 70% of its sales in any given November sales for last year were $110,000, while December sales month are credit sales, while the remainder are cash sales. Of the were $115,000. Projected sales for the next three months are as credit sales, Monette Corporation has experienced the followingfollows collection pattern: 25% received in the month of the sale 50% received in the month after the sale 15% received two months after the sale 10% of the credit sales are never received February sales..$ 125,000 March sales S 180,000 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) Monette Corporation Cash Collections Budget For the Months of January through March Januaryl FebruaryMarch 45000 37500 54000 Cash sales Collections on credit sales: 25% Month of sale 50% Month after 15% Two months after 26250 22500 11550 105300 Total cash collections Enter any number in the edit fields and then continue to the next