Problem 4-17 Schedule of cash receipts [LO4-2] J. Lo's Clothiers has forecast credit sales for the fourth quster of the year: Experience has shown that 15 percent of sales are coliccted in the manth of sale, 65 percent are collected in the followng morith mal 20 percent are never collected. Prepare a schedule of cash receipts for Lo's Clothiers covering the fourth quarter (Ociober through Deceribert