nsw Music, Lid, a manufacturer of saxophone, oboe, and clarinet roeds, has projected sales to be $894,000 in October, $954,000 in November, $1.050,000 in December, and $924,000 in January. The company's sales are 22% cash and 78% credit, and collection history indicates that credit sales are collected as follows: 24% in the month of the sale 66% in the month after the sale 8% two months after the sale 2% are never collected Requirements 1. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales 2. Prepare a cash collection budget for December and January. Round all answers up to the nearest dolor mous a inswors Music, Ltd. Sales Budget November 15 October December January Cash sales ties Credit sales kes Total sales Requirement 2. Prepare a cash collection budget for December and January (Round all answers up to the nearest dollar) Musie, Led Budgeted Cuth Collections from Customers January the per December ase once d up cos 54.5 for font> Cash sales Collection of credit sales: 24% of current month credit sales 66% of prior month credits 8% of credit sales two months ago Total collection of credit salos Total cash collections ith sim Enter any number in the edit fields and then continue to the next question amburger prices for