Samson Corporation has found that 60% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Samson Corporation has experienced the following collection pattem: 25% received in the month of the sale 50% received in the month after the sale 18% received two months after the sale 7% of the credit sales are never received November sales for last year were $85,000, while December sales were $115,000. Projected sales fo next three months are as follows: January sales... February sales. $ 150,000 $ 135,000 $ 185,000 March sales.. Requirement. Prepare a cash collections budget for the first quarter, with a column for each month and for the quart (Round your answers to the nearest whole dollar.) Cash sales Collections on credit sales: 25% Month of sale 50% Month after 18% Two months after Total cash collections Samson Corporation Cash Collections Budget For the Months of January through March January February March Quarter