Sweeney Corporation has found that 60% of its sales in any given month are credit sales, November sales for last year were $110,000, while December sales were $115,000. Projected while the remainder are cash sales. Of the credit sales, Sweeney Corporation has experienced sales for the next three months are as follows: the following collection pattern: January sales. $ 155,000 20% received in the month of the sale February sales $ 125,000 40% received in the month after the sale March sales $ 170,000 24% received two months after the sale Requirement 16% of the credit sales are never received 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.) January Cash sales Collections on credit sales: 20% Month of sale 40% Month after 24% Two months after Total cash collections