Question Help * LaChut Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of November sales for last year were $85,000, while December sales were $110,000. Projected sales for the next three months are the credt sales, LaChut Corporation has experienced the foowing collection pattem: as follaws January sales 150,000 25%, received in the month of th sale February sales $ 115,000 50% received in the month after the sale March sales $165,000 15% received two months after the sale Requirement Prepare a cash collections budget for the first quarter, with a column for cach month and for the quarter. (Round your answers to the nearest whole dollar.) 10% of the credit sales are never received LaChut Corporation Cash Collections Budget For the Months of January through March January February March Quarter Cash sales Collections on credit sales 25% Month of sale 50% Month after 15% Two months after Total cash collections