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The following is the sales budget for Profit, Inc., for the first quarter of 2018 : Credit sales are collected as follows: 65 percent in

image text in transcribed The following is the sales budget for Profit, Inc., for the first quarter of 2018 : Credit sales are collected as follows: 65 percent in the month of the sale 20 percent in the month after the sale 15 percent in the second month after the sale The accounts recelvable balance at the end of the previous quarter was $84,000 ( $54,000 of which was uncollected December sales). a. Calculate the sales for November. (Do not round Intermedlate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. Calculate the sales for December. (Do not round Intermedlate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. Calculate the cash collections from sales for each month from January through March. (Do not round Intermedlate calculations and round your answers to 2 declmal places, e.g., 32.16.)

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