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Coyote Loco, Incorporated, a distributor of salsa, has the following historical collection pattern for its credit sales. 7 5 percent collected in the month of

Coyote Loco, Incorporated, a distributor of salsa, has the following historical collection pattern for its credit sales.
75 percent collected in the month of sale.
15 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:
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.
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