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Group Problem 3 Company has observed its accounts receivable collection pattern to be as follows: 40% in of the sale, 45% in the month following the sale, and 13% in the second month owing the sale. Sales for the last three months of the year were as follows: October, 2,000; November, $450,000; and December, $625,000. Sales for January are budgeted to be $375,000. What are the budgeted cash collections for January