Power Ridge Corporation has forecast credit sales for the fourth quarter of the year as follows: $64,000 September (actual) Fourth Quarter October November December $54,000 49,000 74,000 Experience has shown 20 percent of sales are collected in the month of sale, 65 percent are collected in the following month, and 15 percent are never collected. Prepare a cash receipts schedule for Power Ridge Corporation covering the fourth quarter (October through December). Power ridge corporation Cash Receipt Schedule September October $ 64,000 54,000 10,800 $ November 49,000 9.800 $ December 74,000 14.800 Sales Collections of Current Sales Collections of prior month's Sales Total cash receipts $ $ $