Tundra Brewing Co. is preparing its cash budget for Q1 2026….
Tundra Brewing Co. is preparing its cash budget for Q1 2026. Cash sales are collected in the month of sale. For sales on account, 50% is expected to be collected in the month of sale, 35% is expected to be collected in the month following the sales, and the remaining 15% is collected two months following the sales. The following chart outlines the budgeted sales information for Q1: Month Sales Dollars January $4,500,000 February $4,750,000 March $3,900,000 Total $13,150,000 Assume that 25% of sales are cash sales, and the remaining 75% are on account. What is the budgeted amount for cash collections from customers (cash and on account) in March? (Round answers to the nearest whole dollar amount. Do not round intermediate steps.) What is the markup percentage?