View the collection pattern.

View additional information.

Requirement

Prepare a cash collections budget for the first quarter, with a column for each month and for the quarter. $($Round your answers to the nearest whole dollar.$)$

Monette Corporation

Cash Collections Budget

For the Months of January through March

Collection pattern

$25\%$ received in the month of the sale

$50\%$ received in the month after the sale

$22\%$ received two months after the sale

$3\%$ of the credit sales are never received

Done

Additional information

November sales for last year were $$110,000,$ while December sales were

$$115,000.$ Projected sales for the next three months are as follows:

January sales. $.........$ $$170,000$

February sales $..........$ $$125,000$

March sales. $.........$ $$200,000$

PLEASE DO JANUARY, FEBRUARY, MARCH, & QUARTER