Schedule of Cash Collections of Accounts Reccivable OfficeMart Inc. has "cash and carry customers and credit customers, OfficeMart estimates that 25% of monthly sales are to cash custorners, while the remaining sales are to credit customers, Of the credit customers, 20 . pay their accounts in the month of sale, while the remaining 80% pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows: The Accounts Receivable batance on September 30 was $82,000. Prepare a schedule of cash collections from sales for October, November, and December. Round all calculations to the nearest whole dollar. Receipts from cash sales: Cash sales September sales on account: Collected in October October sales on account: Collected in October Collected in November November sales on account: Collected in November Collected in December December sales on account: Collected in December Total cash receipts