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Piliows international makes decorative throw pillows for home use. The following information was taken from the Pillows intemational sales budget: The following information was taken

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Piliows international makes decorative throw pillows for home use. The following information was taken from the Pillows intemational sales budget: The following information was taken from the Pillows International diroct maleviala budget: III (Click the icon to view the first quarter sales budget.) [Click the icon to view information from the direct materiats budget.) Aswume the following additional information was gathered about the types of ales made in the fourth quarter (October through December) of the previous year Read the finturements: (Click the icon to view the fourth quarter sales budgot.) Requirement 1. Prepare the cash collections budget for Janwary, Fobruary, and March, as weil as the summary for the first quarter. The company's collection history indicates that 75% of credit sales is collected in the month after the sale, 15% is collected two months after the sale, 8% is collected three months after the sale, and the momainina 20/ in nauar nallatad Data table Data table

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