read requirement

ar LaChut Corporation has found that 80% of its sales in any given to month are credit sales, whle the remainder are cash sales. Of the credit sales, LaChut Corporation has experienced the following collection pattern: 25% received in the month of the sale 50% received in the month after the sale 24% received two months after the sale 1% of the credit sales are never received November sales for last year were $105,000, while December sales were $120,000. Projected sales for the next three months are as follows: January sales. $ 165,000 February sales $ 135,000 March sales $ 195,000 Requirement Prepare a cash collections budget for the first quarter, with a column for each month and for the quarter. (Round your answers to the nearest whole dollar.) pas por ats LaChut Corporation Cash Collections Budget For the Months of January through March January Cash sales Collections on credit sales 25% Month of sale 50% Month after 24% Two months after Total cash collections