Sesne 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, Sesnie Corporation has experienced the following collection pattern November sales for last year were $100 000 while ecember sales were $110,000 Projected sales for the next three months are as follows January sales $ 170,000 s 115,000 S 180 000 20% received in the month of the sale 40% received in the month after the sale 22% received two months after the sale 18% of the credit sales are never received February sales March sales Requirement 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) Sesnie Corporation Cash Collections Budget For the Months of January through March January Cash sales Collections on credit sales 20% Month of sale 40% Month after 22% Two months after Total cash collections