X E9-28A (similar to) Question Help Sesnie Corporation has found that 60% of its sales in any given month are credit sales, while the remainder are cash sales of the credit sales, Sesnie Corporation has experienced the following collection pattern: 20% received in the month of the sale 40% received in the month after the sale 22% received two months after the sale 18% of the credit sales are never received November sales for last year were $80,000, while December sales were $115,000 Projected sales for the next three months are as follows: January sales $ 160,000 February sales $ 130,000 March sales $ 185,000 Requirement Prepare a cash collections budget for the frst quarter with a column for each month and for the quarter (Round your answers to the nearest whole dollar.) Sesnie Corporation Cash Collections Budget For the Months of January through March January $ 64,000 Cash sales Collections on credit sales 20% Month of sale 40% Month after 22%. Two months after Total cash collections Enter any number in the edit fields and then click Check