Fielding Corporation has found that $\backslash (60\backslash \%\backslash )$ of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Fielding Corporation has experienced the following collection pattern:

View the collection pattern.

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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.$)$

Fielding Corporation

Cash Collections Budget

For the Months of January through March

Additional information

November sales for last year were $\backslash (\backslash$$ $80,000\backslash ),$ while December sales were $\backslash (\backslash$$ $115,000\backslash ).$

Projected sales for the next three months are as follows: