Q1 BB Corp sells waterproof winter jackets. Sales are 20% cash sales and 80% credit sales (A/R). Of the credit sales, BB noted that 30% pay in the same month as the sale, 60% pay the month after the sale and 6% pay two months after the sale (4% of the credit sales are never collected in cash). Last year (2022), November sales revenues were $90,000 and December sales revenues were $180,000. Forecasted 2023 sales are shown below. Prepare the cash collections budget for the first quarter (Q1 2023), showing a column for each month (Jan, Feb, March) and a totals column for Q1.

Forecasted Sales Revenues:

January $100,000

February $140,000

March $150,000