Monette Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales Of the credit sales, Monette Corporation has experienced the following collection pattern 25% received in the month of the sale 50% received in the month after the sale 22% received two months after the sale 3% of the credit sales are never received November sales for last year were $90,000, while December sales were $110,000 Projected sales for the next three months are as follows January sales... February sales March sales.. Requirement $ 155,000 $ 125,000 $ 165,000 Prepare a cash collections budget for the first quarter, with a column for eac month and for the quarter. (Round your answers to the nearest whole dollar Cash sales Collections on credit sales Monette Corporation Cash Collections Budget For the Months of January through March January February 46500 25% Month of sale 27125 50% Month after 38500 22% Two months after 13860 125985 Total cash collections March Quarter-