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.)

Monette Corporation has found that 30% of its sales in any given month November sales for last year were $110,000, while December sales are credit sales, while the remainder are cash sales. Of the credit sales, were $115,000. Projected sales for the next three months are as Monette Corporation has experienced the following collection pattern: follows: 25% received in the month of the sale January sales ............... $ 155,000 50% received in the month atterthe sale Februaryl sales .............. $ 125,000 15% received two months aer the sale March sales ................ $ 200,000 Requirement Prepare a cash collections budget for the rst quarter, with a column for each month and for the quarter. (Round your answers to the nearest whole dollar.) 10% of the credit sales are never reoeived Monette Corporation Cash Collections Budget For the Months ofJanuary through March January Cash sales W Collections on credit sales: 25% Month of sale 33000 50% Month after W 15% Two months atter 1930'] Total cash collections 151300