Estimate budgeted cash receipts (service revenue collected) for August, September, and October.

Exercise 2) Accountaholics Corp. expects service revenue in the next 6 months as follows: Prior experience has shown that the following collections are made: - 27.4 percent of a month's revenue is collected in the month the service is performed - 25.5 percent in the month following the service being performed - 17.7 percent in the second month following the service being performed - 13.1 percent in the third month following the service being performed - 8.8 percent in the fourth month following the service being performed - Remainder is collected in the fifth month following the service being performed March and April service revenues were $765,000 and $960,000 respectively. Required: Estimate budgeted cash receipts (service revenue collected) for August, September, and October