Sunquest Wholesalers has found that 77% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Sunquest Wholesalers has experienced the following collection pattern: 24% paid in the month of the sale. 48% paid in the month after the sale 22% paid two months after the sale 6% of the sales are never collected November sales for last year were $81,000, while December sales were $119,000. Projected sales for the next three months are as follows: January sales... February sales March sales.. Requirement $ 164,000 $ 126,000 $ 177,000 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.) Sunquest Wholesalers Cash Collections Budget For the Months of January through March Cash sales Collection of credit sales: 24% Month of sale 48% Month after 22% Two months after Total cash collections January February March Quarter