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 July August September October ovceber December $126.000 153,00 178,500 207,600 232,000 257.000 219,500 Required: 1. Compute the estimated total cash collections during October from credit sales. 2. Compute the estimated total cash collections during the fourth quarter from sales made on account during the fourth quarter Answer is complete but not entirely correct V 1 2 Total cash collections Total cash collections S221365 700,455