Question Help Trever Reedsa manufacturer of saxophone, oboe, and clarinet reeds, has projected syles to be $890,000 in October $956,000 in November. $1,070,000 in December, and $930,000 in January. Trover's sales are 20% cash and 80% credit. The company's collection history indicates that credit sales are collected as follows: 25% in the month of the sale 60% in the month after the sale 8% two months after the sale 7% are never collected Requirements 1. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales 2. Prepare a cash collection budget for December and January Round all answers up to the nearest dollar Do Inca Requirement 1. Prepare a sales budget for all four months showing the breakdown between cash and credit sale Trever Reeds Sales Budget For the Four Months Ended January November December January 0/3) October Cash sales Credit sales Total sales Enter any number in the edit fields and then click Check Answer 1 pont remaining Clear All Check Answer Live ety AH MacBook Pro Search or type URL 1 3. 5 6 7 8 0 Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected siles to be $890,000 in October $956,000 in November, $1.070.000 in December, and $930,000 in January. Trever's sales are 20% cash and 80% credit. The company's collection history indicates that credit sales are collected as follow 25% in the month of the salo 60% in the month after the sale 8% two months after the sale 7% are never collected Requirements 1. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales, 2. Prepare a cash collection budget for December and January, Round all answers up to the nearest dollar Requirement 1. Prepare a salen budget for all four months, showing the breakdown between cash and credit sales, Trever Reeds Sales Budget For the Four Months Ended January October November December January Cash sales Credit sales Total sales Enter any number in the edit fields and then click Check