Trevor Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $908,000 in October. $964,000 in November. $1, 070,000 in December, and $934,000 in January. Trevor's sales are 30% cash and 70% credit. The company's collection history indicates that credit sales are collected as follows: 20% in the month of the sale 65% in the month after the sale 8% two months after the sale 7% are never collected Requirements 1. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales. 2. Prepare a cash collector budget for December and January Round all answers up to the nearest dollar. Requirement 1. Prepare a sales budget tor all four months, showing the breakdown between cash and credit sates. Trevor Reeds Sales Budget For the Four Months Ended January Requirement 2. Prepare a cash collection budget for December and January. Round all answers up to the nearest dollar. Trevor Reeds Budgeted Cash Collections from Customers For the Months of December and January