Question: Problem 1 6 - 1 0 Calculating Cash Collections [ LO 3 ] The following is the sales budget for Lemonis, Incorporated, for the first

Problem 16-10 Calculating Cash Collections [LO 3]
The following is the sales budget for Lemonis, Incorporated, for the first quarter of 2022 :
Credit sales are collected as follows:
70 percent in the month of the sale.
25 percent in the month after the sale.
5 percent in the second month after the sale.
The accounts receivable balance at the end of the previous quarter was $70,150( $61,200 of which was uncollected December sales).
a. Compute the sales for November.
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.
b. Compute the sales for December.
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.
c. Compute the cash collections from sales for each month from January through March.
Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g.,32.
 Problem 16-10 Calculating Cash Collections [LO 3] The following is the

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