Rovniak Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $894.000 in October $962,000 in November, $1,000,000 in December, and $936,000 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 80% 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 sales budget for all four months, showing the breakdown between cash and credit sales Rovniak Reeds Sales Budget For the Four Months Ended January October November December January Cashes Credits Total sales Emery number in the edities and then continue to the next question $ 4 % 5 & 7 6 B 9 2 P T Y U 1 Q R W E G . F J D S A > Z M V B X c N s Question: 15 pts Rovniak Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $894,000 30% cash and 70% credit. The company's collection history indicates that credit sales are collected as follow 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. wuuyeveu ver UNCOND TUTVUSTUS For the Months of December and January December January Cash sales Collection of credit sales: 25% of current month credit sales 60% of prior month credit sales 8% of credit sales two months ago Total collection of credit sales Total cash collections Enter any number in the edit fields and then continue to the next question esc BO FI F3 # 3 A LA 2 % 5 6 Q W tab E R