1) Freedom Manufacturing Company needs to know its anticipatedcash inflows for t

1) Freedom Manufacturing Company needs to know its anticipatedcash inflows for the next quarter by month. Cash sales are 20percent of total sales each month. Historically sales on accounthave been collected as follows: 50 percent in the month of thesale 35 percent in the month after the sale and the remaining 15percent two months after the sale. Sales for the quarter areprojected as follows: January $60000; February $30000; andMarch $90000.Accounts receivable on December 31 were $45000.The expected cash collections of Freedom Manufacturing Company forMarch are: Be sure to show all work