Sesnie 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:

$25\%$ recelved in the month of the sale

$50\%$ received in the month after the sale

$22\%$ recelved two months after the sale

$3\%$ of the credit sales are never received

Pointss $0$ of $1$

Save

November sales for last year were $$85,000,$ while December sales were $$110,000.$ Projected sales for the next three months are as follows:

$\backslash$table$[[$January sales $................$ $$,165,000],[$Fobruary sales $..............$ $$,130,000],[$March sales.............. $$,170,000]]$

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

$\backslash$table$[[,$January$],[$Cash sales,$58000],[$Collections on credit sales:$],[25\%$ Month of sale,$21750],[50\%$ Month after,$33,000],[22\%$ Two months after,$8640],[$Total cash collections,$121390]]$