QUESTION 7 Magic oration has provided you a list of budgeted sales for the last four months of calendar year 2017 Month September October November Decembe:r The company is basing the collections based on historical averages from prior years. $400,000 320,000 440,000 S360,000 The company is budgeting to collect the cash from the sales based on the following 65 percent in the month of the sale 25 percent in the month following the sale 8 percent in the second month following the sale 2 percent is not collectible In addition, the company grants a 2% cash discount for payments from customers during the month of the sale. July and August sales were S400,000 and S240,000 respectively. If you compute the answer to be S9,999.88 the enter S9,999. Do not round up. Do not round down. You are required place a dollar sign in front of the value computed. Also, separate thousands with a comma when required. This problem is a monetary value calculation and it requires a S sign. Compute total cash collections for the months of September, October and November. (That is you will compute cash disbursements for each month however your answer will be the sum of all three months). Do not enter in three separate answers. There is only one