Mikail ​Reeds, a manufacturer of​ saxophone, oboe, and clarinet​ reeds, has projected sales to be $ 896 comma 000 in​ October, $ 968 comma 000 in​ November, $ 1 comma 055 comma 000 in​ December, and $ 934 comma 000 in January. Mikail​'s sales are 30​% cash and 70​% credit. The​ company's collection history indicates that credit sales are collected as​ follows: 25% in the month of the sale 65% in the month after the sale 8% two months after the sale 2% are never collected 1. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales. 2. Prepare a cash collections budget for December and January. Round all answers up to the nearest dollar.