The company's collection history indicates that credit sales are collected as follows: View the credit sales collection history. 1 Requirements 1. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales. 2. Prepare a cash collection budget for December and January. Round all answers up to the nearest dollar. Requirement 1. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales. Trever Reeds Sales Budget Requirement 2. Prepare a cash collection budget for December and January. Round all answers up to the nearest dollar. 25% in the month of the sale 60% in the month after the sale 10% two months after the sale 5% are never collected