Power Ridge Corporation has forecast credit sales for the fourth quarter of the year as follows: $55,000 September (actual) Fourth Quarter October November December $45,000 40,000 65,000 Experience has shown 35 percent of sales are collected in the month of sale, 55 percent are collected in the following month, and 10 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 September October $ November December Sales Collections of Current Sales Collections of prior month's Sales Total cash receipts $