Sesnie Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales, Of the crodit sales, Sesnie Corporation has experienced the following collection patterr: 20% received in the month of the sale 40% received in the month after the sale 25% recelved two months after the sale 15% of the credit sales are nover received November sales for last year were $110,000, while December sales were $115,000. Projected sales for the next three months are as follows: January sales..............\$ 165,000 February sales ............\$ 120,000 March sales................\$ 180,000 Requirement Prepare a cash collections budget for the first quarter, with a column for Sesnie Corporation Cash Collections Budget For the Months of January through March January Cash sales Collections on credit sales: 20% Manth of sale November sales for last year were $110,000, while December sales were $115,000. Projected sales for the next three months are as follows: 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 Cash sales January Collections on credit sales: 20% Month of sale 40% Month after 25% Two months after Total cash collections