Schedule of Cash Collections of Accounts Receivable Officelart inc has "cash and carry' astomers and credit customers. OfhceMart estimates that 25% of monthly sales are to cash customers, while the remoining soles are to credit customers: of the credit customers, 25% pay their accounts in the month of sale, while the remaining 75% pay their accounts in the month following the month of sale. Projected sales for the neat three months are as follows: The Accounts Receivable balance on September 30 was 487,000 Prepare a schedule of cash collections from sales for October, November, and December. Round all calculations to the nearest whole dollar. OfficeMart Inc. Schedule of Cash Collections from Sales For the Three Months Ending December 31 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 Novernber Collected in December December sales on account: Collected in December Total cash receipts