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Sweeney Corporation has found that 60% of its sales November sales for last year were $95,000, in any given month are credit sales, while the

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Sweeney Corporation has found that 60% of its sales November sales for last year were $95,000, in any given month are credit sales, while the whill December sales were $125,000. remainder are cash sales. Of the credit sales, Projected sales for the next three months are Sweeney Corporation has experienced the following as follows: collection pattern: 25% received in the month of the sale 50% received in the month after the sale 15% received two months after the sale Requirement 10% 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.)

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