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Roviak Reeds, a manutacturer of sakophone, obo0, and clarinet reeds, has projocted sales to be $908,000 in October, $966,000 in November, $1,040,000 in December, and

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Roviak Reeds, a manutacturer of sakophone, obo0, and clarinet reeds, has projocted sales to be $908,000 in October, $966,000 in November, $1,040,000 in December, and 5920,000 in January. Rovniak's sales are 20% cash and 80% credi. The company's collection history indicates that credi sales are colocled as follows: 30% in the month of the sale 60% in the month ater the sale BW two months after the sale: 2% are never collected Requirements 1. Prepare a sales budget for al four moniths, thowing the breakdown between cash and credi sales. 2. Prepare a cash collection budget for December and Jaruary. Round all answers up to the nearest dollar. Requirement 1. Prepare a sales budget for all four months, showing the breakdow between cash and credit sales

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