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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

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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 account. The following Information was used in preparing estimated cash collections: August Sales (actual) 38.000 48.000 September sales (actual October sales (estimated) 18,000 68,000 November sales (estlmated) 58.000 December sales (estimated Approximately 60% of all sales are collected In the month of the sale, 30% ls collected in the following month. and 10% ls collected In the month thereafter. Budgeted collections from customers In October total O $104,000. O $25.200 O $29,000. O $36.200

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