Coyote Loco, Inc., a distributor of salsa, has the following

historical collection pattern for its credit sales.$70$ percent collected in the month of sale$\mathrm{.}15$ percent collected in the first month after sale$\mathrm{.}10$ percent collected in the second month after sale$\mathrm{.}4$ percent collected in the third month after sale$\mathrm{.}1$ percent uncollectible.$$The sales on account have been budgeted for the last seven

months as follows:$$Required:Compute the estimated total cash collections during October from

credit sales.Compute the estimated total cash collections during the fourth

quarter from sales made on account during the fourth quarter