4. Schedule of Cash Collections: Davies Corp. makes collections on all sales according to the following schedule: 10% in quarter of sale 90% in quarter following sale The following is a list of budgeted sales dollars for the next four quarters: 1st quarter 2nd quarter Budgeted Sales $2,910,400 $3,109,900 3rd quarter $3,001,860 4th quarter $3,288, 120 Calculate the budgeted cash collections in 3rd quarter