ABC Company has the following historical collection pattern for its credit sales: 65% collected in month of sale 20% collected in the first month after sale 8% collected in the second month after sale 5% collected in the third month after sale 2% uncollectible Credit sales are for the last 6 months are as follows:

Jul $35,000

Aug 40,000

Sep 45,000

Oct 50,000

Nov 55,000

Dec 43,000

Calculate the estimated total cash collections during October.