Pillow Corp. makes decorative throw pillows for home use. The following information was taken from the Pillow Corp. sales budget BEE (Click the icon to view the first quarter sales budget.) Assume the following additional information was gathered about the types of sales made in the fourth quarter (October through December) of the previous year: (Click the icon to view the fourth quarter sales budget.) The following information was taken from the Pillow Corp. direct materials budget: (Click the icon to view information from the direct materials budge Read the requirements CID Requirement 1. Prepare the cash collections budget for January, February, and March, as well as the summary for the first quarter. Pillow Corp. Cash Collections Budget For the Quarter Ended March 31 January February March 1st Quarter Cash sales Collections on credit sales: 75% of credit sales made last month 15% of credit sales made two months ago 8% of credit sales made three months ago Total cash collections .. for them