PLEASE SHOW WORK OfficeMart Inc. has "cash and carry" customers and credit customers. OfficeMart estimates that 25% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 30% pay their accounts in the month of sale, while the remaining 70% pay their accounts in the month following the month of sale. Projected sales for the next three months of 2014 are as follows:

October November December $58,000 65,000 72,000 he Accounts Receivable balance on September 30, 2014, was $35,000 Hide Prepare a schedule of cash collections from sales for October, November, and December OfficeMart Inc. Schedule of Collections from Sales For the Three Months Ending December 31,2014 October November December Receipts from cash sales: Cash sales September sales on account: 14500 16250 18000 35000 Collected in October October sales on account: Collected in October 13050 Collected in November November sales on account: Collected in November 30450 14625 Collected in December December sales on account: Collected in December 34125 16200 Total cash collected 62550 61325 68325