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Sesnie Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit

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Sesnie 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, Sesnie Corporation has experienced the following collection pattern: 25% received in the month of the sale 50% received in the month after the sale 15% received two months after the sale 10% of the credit sales are never received Sesnie Corporation Cash Collections Budget For the Months of January through March January Cash sales Collections on credit sales 25% Month of sale 50% Month after LLIT 15% Two months after Total cash collections November sales for last year were $90,000, while December sales were $110,000. Projected sales for the next three months are as follows: January sales.. $ 180,000 February sales S 115,000 March sales $ 200,000 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)

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