Take me to the text Promotion Sports Inc. is a retailer of clothing and sports equipment. The following is Promotion Sports' sales forecast by quarter for the upcom In addition, sales in Q3 and Q4 of 2021 totaled $127,000 and $207,000 respectively. According to the company's sales records, 61% of sales are cash and the remaining 39% are made on account (i.e. credit sales). Assume the following historical trends were noted by management regardin sales: - 48% of credit customers pay during the quarter in which the sale took place - 35% of credit customers pay in the quarter immediately following the quarter of sale - 13% of credit customers pay in the second quarter following the quarter of sale - The remaining 4% of credit sales are uncollectible Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. a) Calculate the forecasted sales for each quarter (separate revenue into cash and credit sales). b) Prepare the cash receipts section of the 2022 cash budget (on a quarterly basis)