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GAAP Publishing Co. Is a wholesaler that sells accounting textbooks to collepls and universitien. The campany is arenaring its budget for the fourth quarter of the year, i.e. October 1it-December 313, and has collected the following information to assist in as budget preporation. All soles are on account Based on past experience, collections on account folow this pattern 45% in the nonth of ake. 55% in the inonth following the month of Cash collections during the fourth quarter are expected to be: 3208.640 $147.040 514,540 5133,200