1 Exercise 14-14 (Algo) Cash receipts budget LO 4, 7 Scottsdale Co. has actual sales for July and August and forecast sales for September, October, November, and December as follows: 1.17 points Actual: July August $ 98,000 104,000 Forecast: September 114,900 October 93,400 eBook November 122,000 December 107,100 References Based on past experience, It is estimated that 25% of a month's sales are collected in the month of sale, 49% are collected in the month following the sale, and 6% are collected in the second month following the sale. Required: Calculate the estimated cash receipts for September, October, and November. Cash collections September October November D