Joyner Company has the following historical collection pattern for its credit sales:

60% collected in month of sale

20% collected in the first month after sale

15% collected in the second month after sale

4% collected in the third month after sale

1% uncollectible

Budgeted credit sales for the last six months of the year follow.

July	$	43,000
August		48,000
September		53,000
October		58,000
November		63,000
December		55,500

Required:

1. Calculate the estimated total cash collections during October.
2. Calculate the estimated total cash collections during the year's fourth quarter.