Esplanade Companys credit sales have the following historical pattern: 70% Coll

Esplanade Companys credit sales have the following historical pattern: 70% Collected in the month of sale15% Collected in the first month after sale10% Collected in the second month after sale 4% Collected in the third month after sale 1% Uncollectible These sales on open account (credit sales) have been budgeted for the last six months in 2010: July $60000 August $70000 September $80000 October $90000 November $100000 December $850001) Determine the estimated total cash collections from accounts receivable during October 2010.2) Compute the estimated total cash collections during the fourth quarter from credit sales of the fourth quarter.