3. Lo's Clothiers has forecast credit sales for the fourth quarter of the year September (actual) $ 67,000 Fourth Quarter October 5.57,000 November 52,000 December 77.000 Experience has shown that 35 percent of sales are collected in the month of sale 60 percentare collected in the following month, and 5 percent are never collected Prepare a schedule of cash receipts for J.Lo's Clothiers covering the fourth quarter (October through December J.Lo's Clothians September October November December