3 10 points Coyote Loco, Inc., a distributor of salsa, has the following historical collection pattern for its credit sales 70 percent collected in the month of sale. 15 percent collected in the first month after sale. 10 percent collected in the second month after sale. 4 percent collected in the third month after sale. 1 percent uncollectible The sales on account have been budgeted for the last seven months as follows: Skipped eBook June July August September October November December $124,500 152,000 177,000 204,000 229,000 254,000 216,500 Print References Required: 1. Compute the estimated total cash collections during October from credit sales, 2. Compute the estimated total cash collections during the fourth quarter from sales made on account during the fourth quarter. 1. Total cash collections 2. Total cash collections