Required:

Royal Cigar Company is preparing a budget for cash collections. Its sales for November and December are estimated as $$110,000$ and $$124,000,$ respectively. Past practice indicates that sales in any given month are collected as follows: month of sale, $85\%$; month following the month of sale, $10\%$; uncollectible accounts, $5\%.$ The company allows a $2\%$ discount for cash collections in the month of sale. What is the net cash estimated to be collected in December?

Net cash estimated collections