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please help with 1 and 2 Yung Reeds, a manutacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $906,000 in October, $962,000

please help with 1 and 2 image text in transcribed
Yung Reeds, a manutacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $906,000 in October, $962,000 in November, $1,045,000 in December, and $924,000 in January. Yung's sales are 30% cash and 70% credt. The company's collection history indicates that credit sales are collected as follows: 20% in the month of the sale 65% in the month afer the sale 12% two months atter the sale 3% are never coliecled 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 dollar. Requirement 1. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales

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