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Jumpbull Corporation budgeted sales on account ( i . e . , on credit ) of $ 1 2 0 , 0 0 0 for

Jumpbull Corporation budgeted sales on account (i.e., on credit) of $120,000 for July, $211,000 for August, and $198,000 for September. Experience indicates that none of the sales on account will be collected in the month of the sale, 60% will be collected the month after the sale, 36% in the second month, and 4% will be uncollectable. Calculate the expected cash collection for the month of September.
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