Serdnic Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $896,000 in October, $956,000 in November, $1,035,000 in December, and $932,000 in January. Serdnic's sales are 25% cash and 75% credit. The company's collection history indicates that credit sales are collected as follows: 20% in the month of the sale 60% in the month after the sale 14% two months after the sale 6% are never collected Requirements Prepare a sales budget for all four months, showing the breakdown between cash and credit sales. 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