Budgeting Cash Judson, Inc., sells on terms of 5% discount for-cash and carry" or 2/10, n/30 and estimates its total sales for the second calendar quarter of next year as follows: July. $562,500 August, $375,000 and September, $450,000. An analysis of operations indicates the following customer collection patterns: Portion of Total Sales In month of sale Cash at sime of sale On account, during discount period On account, after discount period 30% 20% 10% in month following sale On account, during discount period 20% On account, after discount period 10% In second month following sale On account, after discount period 7% 3% 100% Average portion uncollectible Prepare an estimate of the cash to be collected from customers durinjg September. Estimated Collections from Customers in September uly Sales On account, no discount August Sales On account, no discount On account, with discount September sales On account, no discount on account, with discount Cash Total estimated September collections