Exercise 14-14 (Algo) Cash receipts budget LO 4,7 Scottsdale Co. has actual sales for July and August and forecast sales for September, October, November, and December as follows: $ 98,500 184, 380 Actual: July August Forecast: September October November December 113,800 93,600 121,988 106,109 Based on past experience, it is estimated that 23% of a month's sales are collected in the month of sale, 49% are collected in the month following the sale, and 7% are collected in the second month following the sale. Required: Calculate the estimated cash receipts for September, October, and November. Cash collections September October November