Rovniak Reeds, a manulacturer of saxophone, oboe, and clarinet reeds, has projocted sales to be $908,000 in October, $906,000 in November, $1,040,000 in Decomber, and $920,000 in January. Zovniak's sales are 20% cash and 80% credit. The company's collection history indicases that credit sales are collocted as follows: 30% in the morth of the sale 60\% in the month afier the sale 8\% two months alter the sale 2% are never colloctod Requirements 1. Prepare a sales budget for all four months, showing the breakdown botween cash and credi sales. 2. Prepare a cash collection budgot for Docember and January. Round all answers up to the nearest dollat Total sales Pequirement 2. Pregare a cash collection budget tor December and January. Round at answers up to the nearest dotar