UMU S9-11 (similar to) Garnet Service anticipates the following sales revenue over a five-month period Click the icon to view the sales data) The company's sales are 30% cash and 70% credit its collection history indicates that credit sales are collected as follows: Click the icon to view the collections data) How much cash will be collected in January? in February? in March? For the quarter in total? Complete the cash budget to determine how much cash will be collected in January February March and for the quarter in total. Round your answers to the nearest whole dar) Garnet Service Cash Collections Budget For the Months of January through March Cash sales Collection of credit sales! 20% Month of sale 40% Month after ( a five-month period: Its collection history indicates that credit sales are colle i (Click the icon to view the collections data.) How much cash will be collected in January? In Febru Data Table November s revenue. . . . . . . . . $ 16,700 December $ 11,200 January 15,200 February $ 13,000 March 14,400 $ $ Print Print Done Done nswer. * More Info 20% in the month of the sale 40% in the month after the sale 30% two months after the sale 10% are never collected Print Done 09-11 ( S al 10) Garnet Service anticipates the following sales revenue over a five-month period: (Click the icon to view the sales data.) The company's sales are 30% cash and 70% credit. Cash Collections Budget For the Months of January through March January Cash sales Collection of credit sales: 20% Month of sale 40% Month after 30% Two months after Total cash collections Enter any number in the edit fields and then click Check