QUESTION 4: The following details have been extracted from the receivables collection records of C Co. Invoices paid in the month after sale 60% Invoices paid in the second month after sale 25% Invoices paid in the third month after sale 12% Bad debts 3% Invoices are issued on the last day of each month. Customers paying in the month after sale are entitled to deduct a 2% settlement discount. Credit sales values for June to September are budgeted as follows. June $35,000 July $40,000 August $60,000 September $45,000 What is the amount budgeted to be received from credit sales in September? (show your working)