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 18% paid two months after the sale 10% of the sales are never collected November sales for last year were $77,000, while December sales were $120,500. Projected sales for the next three months are as follows: January sales.. $ 156,000 February sales.. $ 122,000 March sales.. $ 184,000 Requirement Prepare a cash collections budget for the first (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 18% Two months after January February March Quarter Clear all Check answer CO K WING LOUVITING . 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 18% paid two months after the sale 10% of the sales are never collected Projected sales for the next three months are as follows: F January sales... $ 156,000 February sales. $ 122,000 March sales. $ 184,000 Requirement Prepare a cash collections budget for the first quarter, with a column for each month and for the quarter Cash sales Collection of credit sales. 24% Month of sale 48% Month after 18% Two months after Total cash collections Sunquest Wholesalers Cash Collections Budget For the Months of January through March January February March Quarter Clear all Check answer correct: 0