60% of sales are collected in quarter 25% collected one quarter after initial sale 12% collected 2 quarters after initial sale 3% will never be collected Quarter 1 Sales: 134,000 Quarter 2 Sales: 157,400 Quarter 3 Sales: 143,200 Quarter 4 Sales: 153,000 Calculate total cash receipts for Quarter 3 Calculate total cash receipts for Quarter 4 Tip: don't forget about the amounts collectedot collected in previous quarters