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. 15 percent collected in the first month after sale. 10 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: 49,000 June July August September October November 60,000 70,000 80,000 90,000 100,000 December 85,000 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. 1 Total cash collections 2. Total cash collections