Attempts: Do No Harm: 11 1. The cash collections schedule Columbo's Fine Foods is a producer of Italian foods. The company prepares its foods from fresh ingredients and then sells the items to grocery store chains. All the company's sales are made on credit. The budgeted sales and cash collection pattern for the third quarter of year 2 are shown below: July August September $2,140,000 $3,255,000 $2,935,000 Budgeted sales Cash collection pattern Month of sale Month following month of sale Second month following month of sale Third month following month of sale Budgeted sales for April Budgeted sales for May Budgeted sales for June 35% 42% 20% 3% $2,620,000 $2,880,000 $3,425,000 Complete the following schedule of cash collections for Columbo's Fine Foods by inserting the correct values into the spaces provided: Columbo's Fine Foods Schedule of Cash Collections For the Quarter Ending September 30, Year 2 July August September $78,600 $86,400 $102,750 898,800 Collections from April sales Collections from May sales Collections from June sales Collections from July sales Collections from August sales Collections from September sales Total monthly collections $2,842,100 $