Power Ridge Corporation has forecast credit sales for the fourth quarter of the year as follows:

September (actual)	$67,000
Fourth Quarter
October	$57,000
November	52,000
December	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
	September	October	November	December
Sales	$	$	$	$
Collections of Current Sales
Collections of prior month's Sales
Total cash receipts		$	$	$