Smith Corporation has found that 80% of its sales in any given month are credit sales, while the November sales for last year were $80,000, while December sales were $110,000. Projected remainder are cash sales. Of the credit sales, Smith Corporation has experienced the following collection pattern: 20% received in the month of the sale 40% received in the month after the sale 24% received two months after the sale Requirement 16% 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.)