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Please also calculate for February, March & Quarter. Raber Corporation has found that 60% of its sales in any November sales for last year were

image text in transcribedimage text in transcribedPlease also calculate for February, March & Quarter.

Raber Corporation has found that 60% of its sales in any November sales for last year were $85,000, while given month are credit sales, while the remainder are cash sales. Of the credit sales, Raber Corporation has December sales were $120,000. Projected sales experienced the following collection pattern: for the next three months are as follows: \begin{tabular}{l} 25% received in the month of the sale \\ 50% received in the month after the sale \\ 18% received two months after the sale \\ 7% of the credit sales are never received \\ \hline \end{tabular} 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.) Raber Corporation Cash Collections Budget For the Months of January through March January Cash sales Collections on credit sales: 25% Month of sale 50% Month after 18% Two months after Total cash collections

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