Smith Corporation has found that 80% of its sales in any given month are credit sales, while the remainder are cash sales Of the credit sales, Smith Corporation has experienced the following collection pate 25% received in the month of the sale 50% received in the month aher the sale 15% received two months after the sale 10% of the credit sales are never received November sales for last year were $90,000, while December sains were $110,000. Projected sales for the nex Bree months are as follows: January sales February sales March sales Requirement $ 150.000 $125,000 180.000 Prepare a cash collections budget for the first quarter, with a column for each month and for the quarter (Round your wwwers to the nearest whole dolar) Cash sales Collections on oedt sales 25% Month of sale 50% Month after 15% Two months after Tutal cash collections Smith Corporation Cash Collections Budget For the Months of January through March January February March Quarter