Yung Reeds, a manufacturer of saxophone, oboe, and clarinet reeds has projected sales to be $006,000 in October 1966,000 in November $1.055,000 in December, and $22,000 in January Yung's as a 20% ach and 80% credit The company's colection history indicates that creat sales are collected as follows 60% in the month afte 10% two months after the sale 5% are never colected Requirements 1. Prepare a sales budget for all four months, showing the breakdown between cash and c 2. Prepare a cash collection budget for December and January Round at answers up to the nearest door Requirement 1, Prepare a sales budget for all four months, showing the breakdown between cash and credit sales Yung Reeds Sales Budget For the Four Months Ended January Cash sales Credit sales Total sales October November December January