2. show your work/steps

Fiscal Company has the following sales budget for the last six months of 2013:

July	$100,000		October	$90,000
August	80,000		November	100,000
September	110,000		December	94,000

Historically, the cash collection of sales has been as follows:

65% of sales collected in the month of sale,

25% of sales collected in the month following the sale,

8% of sales collected in the second month following the sale, and

2% of sales are uncollectible.

Cash collections for September are:

a.	$99,500
b.	$102,000
c.	$71,500
d.	$110,000
e.	$86,700