Sweeney Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are conth sales of the credit sales, Smeeney Corportition hat experienced the following collection pottern: 25% recelved in the month of the sale 50% recuived in the month after the eale 15% received No menths affer the sale 10% of the credit sales are never recewed Novernber seles for last year were $80,000, while December sales were $110,000 Projected sales for the next theee months are as folions? January sales . .............. $, 180,000 February sales ............. $ 125,000 March sales................. \$ 165,000 Requirement Prepare a cash collections budget for the first quarler, weh a column for each month and for the quarter, (Round your answers to the fearest whole dolar.) Sweenoy Corporation Cash Collections Budget For the Months of January through March Cash sales Colinctions on credit sales: 25\% Month of sale 50\% Month after 15\% Two months afer Total cash collections Total cash collections