18) Lafayette Company's experience shows that 20% of its sales are for cash and 80% are on credit. An analysis of credit sales shows that 50% are collected in the month following the sale, 45% are collected in the second month, and 5% prove to be uncollectible. Calculate the following items (1) through (10). Sales .. August $500,000 September October November $525,000 $535,000 $550,000 October November (6) Receipts from cash sales Collections from August credit sales (2) Collections from September credit sales (3) Collections from October credit sales (4) Total cash collections during the month (5) (8)