Samson Corporation has found that 70% of its sales in any given month are credt sales, while the remainder are cash sales. Of the credit sales, Samson Corporation has experienced the following collection patter 25% received in the month of the sale 50% received in the month after the sale 22% received two months after the sale 3% of the credit sales are never received November sales for last year were $105,000, while December sales were $115.000 Projected sales for the next Three months are as follows: January sales.. February sales March sales. Requirement $ 155,000 $125,000 $180,000 Propane a cash collections budget for the first quarter, with a column for each month and for the quarter (Round your answers to the nearest whole dollar) Cash sales Collections on credit sales 25% Morth of sale 50% Month after 22% Two months after Tobal cash collections Samson Corporation Cash Collections Budget For the Months of January through March January February March Quarter Samson Corporation has found that 70% 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 pattern: 25% received in the month of the sale 50% received in the month after the sale 22% received two months after the sale 3% of the credit sales are never received Cash sales Collections on credit sales: 25% Month of sale 50% Month after 22% Two months after Total cash collections Samson Corporation Cash Collections Budget For the Months of January through March January I February March Quarter November sales for last year were $105,000, while December sales were $115,000. Projected sales for the next three months are as follows: January sales....... February sales.. March sales Requirement $ 155,000 $ 125,000 $ 180,000 Prepare a cash collections budget for the first quarter, with a column for each month and for the quarter. (Round your answers to the nearest whole dollar.)