St. Germaine Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, St. Germaine Corporation has experienced the following collection pattern: 25% received in the month of the sale 50% received in the month after the sale 16% received two months after the sale 9% of the credit sales are never received November sales for last year were $95,000, while December sales were $120,000. Projected sales for the next three months are as follows: January sales.... February sales.. March sales.... Requirement . $ 180,000 $ 130,000 . $ 190,000 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.) Cash sales Collections on credit sales: 25% Month of sale 50% Month after St. Germaine Corporation Cash Collections Budget For the Months of January through March January February March Quarter