Serdnio Roeds, a manufacturer of saxophone, oboo, and clarinet reeds, has projected sales to be $890,000 in October, $956,000 in November, $1,065,000 in December, and $936,000 in January Serdnic's sales are 20% cash and 80% creda. The company's collection history indicates that credit sales are collected as follows 25% in the month of the sale 65% in the month atter the sale 8% two months after the sale 2% are never collected Requirements 1. Prepare a sales budget for all four months, showing the broakdown between cash and credit salos. 2. Prepare a cash collection budget for December and January. Round all answers up to the nearest dollar Requirement 1. Prepare a sales budget for al four months, showing the breakdown between cash and credit sales