Sweet Acacia Industries expects credit sales for January, February, and March to be $200,400,$253,700, and $289,700, respectively. It is expected that 80% of the sales will be collected in the month of sale, and 20% will be collected in the following month. Calculate cash collections from customers for each month. Sweet Acacia Industries expects credit sales for January, February, and March to be $200,400,$253,700, and $289,700, respectively. It is expected that 80% of the sales will be collected in the month of sale, and 20% will be collected in the following month. Calculate cash collections from customers for each month. Current Attempt in Progress Sheridan Company has completed all of its operating budgets. The sales budget for the year shows 52,800 units and total sales of $2,481,600. The total cost of making one unit of sales is $27. It estimates selling and administrative expenses to be $286,000 and income taxes to be $231,000. Prepare a budgeted income statement for the year ending December 31,2022