Smith Company started business on September 1. Smith had credit sales of $200,000 in September

and $300,000 in October. The pattern for collection of cash from customers is expected to be 40%

in the month of sale (subject to a 2% cash discount), 50% in the month following the month of sale,

and 7% in the second month following the month of sale, with 3% uncollectible. How much cash

did Smith Company receive from customers on account during October?