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On October 1 of the current year, Molloy Corporation prepared a cash budget for October, November, and December. All of Molloy's sales are made on

On October 1 of the current year, Molloy Corporation prepared a cash budget for October, November, and December. All of Molloy's sales are made on account. The following information was used in preparing estimated cash collections:

August sales (actual)

$ 43,000

September sales (actual)

$ 53,000

October sales (estimated)

$ 23,000

November sales (estimated)

$ 73,000

December sales (estimated)

$ 63,000

Approximately 60% of all sales are collected in the month of the sale, 30% is collected in the following month, and 10% is collected in the month thereafter.

Budgeted collections from customers in October total:

$119,000.

$43,200.

$34,000.

$29,700.

Budgeted collections from customers in November total:

$149,000.

$62,000.

$50,700.

$56,000.

Budgeted collections from customers in December total:

$62,000.

$159,000.

$52,000.

$59,700.

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