XYZ Company has provided the following information for the preparation of one part of the budget of the year ended December $31,2023.$

The Company will sell the under mentioned quantities in each quarter of $2023.$

$1$st Quarter $450$ items

$2$nd Quarter $750$ items

$3$rd Quarter $1050$ items

$4$th Quarter $1200$ items

The selling price of each item will be $$150\mathrm{.}00.$

It is estimated that $2/3$ of sales will be collected in the same quarter and the remaining $1/3$ of sales will be collected in the following quarter.

The Company started the year $2023$ with $$35,000\mathrm{.}00$ and it is assumed this will be collected in the $1$st quarter of $2023.$

Required:

Prepare the Sales Budget and its Estimated Cash Collection from Sales of each quarter for the year ended December $31,2023.($Hint: check the sales budget for the Palm Plastic Plant of Chapter $3$ for your reference$)$