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The table contains the Sales estimates for the next year. Sales are collected as follows: In the month of Sales: 38% In the next month:

The table contains the Sales estimates for the next year.

Sales are collected as follows: In the month of Sales: 38% In the next month: 28% After 2 months: 9% After 3 months: remainder is collected

What is the cash collection for October?

Month Sales $ Month Sales $
Jan 68,231 July 77,558
Feb 40,646 Aug 47,430
Mar 47,430 Sep 68,231
Apr 77,558 Oct 47,430
May 68,231 Nov 40,646
June 40,646 Dec 77,558

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