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Cloudy Company had the following historical collection pattern for its credit sales: 70% collected in the month of sale 14% collected in the first month

Cloudy Company had the following historical collection pattern for its credit sales: 70% collected in the month of sale 14% collected in the first month after month of sale 8% collected in the second month after month of sale 6% collected in the third month after month of sale 2% uncollectible The sales on open account (credit sales) have been budgeted for the last six months of the year as shown below:

July $ 74,000
August $ 86,000
September $ 98,000
October $ 110,000
November $ 122,000
December $ 104,000

The estimated total cash collections by Cloudy Company during December from accounts receivable is:

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