St. Germaine Corporation has found that 60% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, St. Germaine November sales for last year were $80,000, while Decen Corporation has experienced the following collection pattern: $120,000. Projected sales for the next three months are 25% recelved in the month of the sale: 50% recelved in the month after the sale 18% received two months after the sale 7% of the credit sales are never received Prepare a cash collections budget for the first quarter, with each month and for the quarter. (Round your answers to th St. Germaine Corporation Cash Collections Budget For the Months of January through March Cash sales $66,000JanuaryFebruary Colections on credit sales: 25\% Month of sale 50\%s Month after 18% Two monthis after Total cash collections St. Germaine Corporation has found that 60% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, St. Germaine November sales for last year were $80,000, while Decen Corporation has experienced the following collection pattern: $120,000. Projected sales for the next three months are 25% recelved in the month of the sale: 50% recelved in the month after the sale 18% received two months after the sale 7% of the credit sales are never received Prepare a cash collections budget for the first quarter, with each month and for the quarter. (Round your answers to th St. Germaine Corporation Cash Collections Budget For the Months of January through March Cash sales $66,000JanuaryFebruary Colections on credit sales: 25\% Month of sale 50\%s Month after 18% Two monthis after Total cash collections