Rovniak Reeds a manufacturer of saxophone, oboe and clarinet reeds, has projected sales to be $898,000 in October 5952,000 in November. $1,040,000 in December, and $922 000 in January Rovniak's sales are 30% cash and 70% credit The company's collection history indicates that credit sales are collected as follows 25% in the month of the sale 65% in the month after the sale 8% two months after the sale 2% are never collected Requirements Prepare a sales budget for all four months showing the breakdown between cash and credit sales Prepare a cash collection budget for December and January Round all answers up to the nearest dollar Requirement 1. Prepare a sales budget for all four months showing the breakdown between cash and credit sales