Power Ridge Corporation has forecast credit sales for the fourth quarter of the year as follows: September (actual) $57,000 Fourth Quarter $47,000 42,000 67,000 October November December Experience has shown 15 percent of sales are collected in the month of sale, 70 percent are collected in the following month, and 15 percent are never collected. Prepare a cash recelpts schedule for Power Ridge Corporation covering the fourth quarter (October through December). Power ridge corporation Cash Receipt Schedule September December October November S Sales Collections of Current Sales Collections of prior month's Sales Total cash receipts