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: S124,500 152,000 177,000 204,000 229,000 254,000 216,500 June July August October Required 1. Compute the estimated total cash collections during October from credit sales. Total cash collections 2. Compute the estimated total cash collections during the fourth quarter from sales made on account during the fourth quarter Total cash collections