Sunshine 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, the company has experienced the following collection pattern: 25% received in the month of the sale 50% received n the month after the sale 15% received two months after the sale 10% of the credit sales are never received November sales for last year were $85,000, while December sales were $110,000. Projected sales for the next three months are as follows: January sales $ 145,000 February sales 115,000 March sales 175,000 Requirement Prepare a cash collections budget for the first quarter, with a column for each month and for the quarter