Problem 1. Jasmine has gym in Clarksville that is very popular. Budgeted sales of memberships are 150,000 for September, 160,000 for October and 185,000 for November For each month, 30% of the sales are received in cash and the remaining 70% are on account. with accounts receivable, they collect 80% in the month of the sale and the remaining 20% the following month. Accounts receivable on May 1 was 51,000. In good format, complete the Sales budget and Cash Collections Budget. Show calculations: Sept Oct Cash Sales Nov Credit Sales Total Sales Schedule of Cash Collections From Sept From Oct From Nov Total Cash Collected each month How much will not be collected by the end of November and is expected to be received in December? Show calculation with