Ruby Service anticipates the following sales revenue over a five-month period:

The company's sales are 40% cash and 60% credit. Its collection history indicates that credit sales are collected as follows:

How much cash will be collected in January? In February? In March? For the quarter in total?

December March November ... $ 16,700 January 15,200 February $ 13,200 Sales revenue $ 10,400 $ $ 14,800 20% in the month of the sale 40% in the month after the sale 35% two months after the sale 5% are never collected Complete the cash budget to determine how much cash will be collected in January, February, March and for the quarter in total. (Round your answers to the nearest whole dollar.) Ruby Service Cash Collections Budget For the Months of January through March January February March Quarter Cash sales Collection of credit sales: 20% Month of sale 40% Month after 35% Two months after Total cash collections