Cloudy Company had the following historical collection pattern for its credit sales: 70% collected in the month of sale 15% collected in the first month after month of sale 9% collected in the second month after month of sale 5% collected in the third month after month of sale 1% uncollectible The sales on open account (credit sales) have been budgeted for the last six months of the year as shown below: The estimated cash collection by Cloudy Company during August from July and August credit sales is: Multiple Choice $90,960. $84,640. $93,800. $56,000. $76,400