Please help me to solve this problem, give me the correct answer and tell me how to use excel to do this problem, thank you so much.

The Master Budget Sales and cash collections budgets Augustine Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to October November $904, 000$964, 000 December $1, 045, 000 anua $936, 000 Augustine' s sales are: 20% cash 80% credit Thecompany' collection history indicates that credit sales are collected as follows s 30% in the month of the sale 60% in the month after the sale 8% two months after the sale 2% are never collected Use the blue shaded areas on the ENTERANSWERS tab for inputs Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instruction tab you will be marked wrong Requirements 1 Prepare a sales budget for all four months, showing the breakdown between cash and credit 2 Prepare a cash collections budget for December and January a. Use cell references from the prior requirement, if applicable. Saving & Submitting Solution 1 Save file to desktop a. Create folder on desktop, and label COMPLETED EXCEL PROJECTS 2 Upload and submit your file to be graded a. Navigate back to the activity window- screen where you downloaded the initial spreadsheet b. Click Choose button under step 3; locate the file you just saved and click Open c. Click Upload button under step 3 d. Click Submit button under step 4 Viewing Results 1 Click on Results tab in MyAccountingLab 2 Click on the Assignment you were working on 3 Click on Project link; this will bring up your Score Card 4 Within Score Card window, click on Live Comments Report (lower right) to download spreadsheet with feedback