Coyote Loco, Inc., a distributor of salsa, has the following historical collection pattern for its credit sales.

75 percent collected in the month of sale. 15 percent collected in the first month after sale. 5 percent collected in the second month after sale. 4 percent collected in the third month after sale. 1 percent is noncollectable.The sales on account have been budgeted for the last seven months as follows:

June $131,500

July 159,000

August 184,000

September 218,000

October 243,000

November 268,000

December 230,500

2.Compute the estimated total cash collections during the fourth quarter from sales made on account during the fourth quarter.