Question 13 Not yet answered Points out of Flag question Calino Company has the following sales budget: 02 CO Month November 2019 December 2019 January 2020 February 2020 March 2020 April 2020 Sales $400,000 $240,000 $400,000 $320.000 $440,000 $360,000 All sales are an account. Historically, the following trend has been established regarding cash collection of sales: 65% in month of sale 30% in month following sale 5% in second month following sale Prepare a schedule of budgeted cash collections from sales for January, February, and March, Include subtotals for each month January February, and March Use your schedule of cash collections to answer the following questions, How much cash will be collected in January? Choose How much cash will be collected in February? Choose How much cash will be collected in March Choose