The LaGrange Corporation had the following budgeted sales for the first half of the current year. % 00:30:09 January February March April May June Cash Credit Sales Sales $60,000 $160,000 $65,eee $180,000 $44,000 $140,000 $39,000 $124,000 $49,000 $210,000 $90,eee $180,000 The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled: Collections on sales: 50% in month of sale 45% in month following sale 5% in second month following sale