Power Ridge Corporation has forecast credit sales for the fourth quarter of the year as follows: September (actual) $69,000 Fourth Quarter October November December $59,000 54,000 79,000 Experience has shown 15 percent of sales are collected in the month of sale, 65 percent are collected in the following month, and 20 percent are never collected. Prepare a cash receipts schedule for Power Ridge Corporation covering the fourth quarter (October through December). Sales Collections of Current Sales Collections of prior month's Sales Total cash receipts Power ridge corporation. Cash Receipts Schedule September October November December $ $