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Please show calculations and full detail of work (not in excel) for part 2, total ash collections. Thank you! Coyote Loco, Inc., a distributor of

Please show calculations and full detail of work (not in excel) for part 2, total ash collections. Thank you!image text in transcribed

Coyote Loco, Inc., a distributor of salsa, has the following historical collection pattern for its credit sales. 70 percent collected in the month of sale. 15 percent collected in the first month after sale. 10 percent collected in the second month after sale. 4 percent collected in the third month after sale. 1 percent uncollectible. The sales on account have been budgeted for the last seven months as follows: June July August September October November December $124,500 152,000 177,000 204,000 229,000 254,000 216,500 Required: 1. Compute the estimated total cash collections during October from credit sales. 2. Compute the estimated total cash collections during the fourth quarter from sales made on account during the fourth quarter. Answer is not complete. 1. Total cash collections $ 214,680 2. Total cash collections

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