Power Ridge Corporation has forecast credit sales for the fourth quarter of the year as follows: September (actual) October November December $67,000 Fourth Quarter $57,000 52,000 77,000 Experience has shown 35 percent of sales are collected in the month of sale, 60 percent are collected in the following month, and 5 percent are never collected. Prepare a cash receipts schedule for Power Ridge Corporation covering the fourth quarter (October through December). Power ridge corporation Cash Receipts Schedule Sales es Collections of Current Sales Collections of prior month's Sales Total cash receipts September $ October November December $