Monette Corporation has found that 80% of its soles in any given month are credit sales, while the remainder are cash sales of the credit salos, Monette Corporation has experienced the following collection pattern 25% reobived in the month of the sal 50% received in the month after the sale 20% received two months after the sale 5% of the credit sales are never received November sales for last year were $95.000, whilo December sales were $110,000. Projected sales for the next three months are as follows: January sales en $ 175,000 February salos $ 115,000 March sales 3 185.000 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) Manette Corporation Cash Collections Budget For the Month of January through March January Cash sales Collections on Credits 25% Month of sale 50% Month after 20%. Two months after Total cash collections