Sesnio Corporation has found thnt 80% of its sales in any given month are credit November sales for last year were $100,000, while December sales were sales, while the remainder are cash sales of the credit sales, Sonia Corporation $110,000. Projected sales for the next three months are as folows: has experienced the following collection pattern: January sales $ 145,000 25% received in the month of the sale February sales $ 125,000 50% received in the month after the sale March sales $ 170,000 16% received two months after the sale Requirement 9% of the credit sales are never received 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: 25% Month of sale 50% Month after 16% Two months after Total cash collections