Coyote Loco, Inc., a distributor of salsa, has the following historical collection pattern for its credit sales. 80 percent collected in the month of sale. 10 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 uncollectible. The sales on account have been budgeted for the last seven months as follows: June $ 130,000 July 157,500 August 182,500 September 215,000 October 240,000 November 265,000 December 227,500 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.