Esplanade Company's credit sales have the following historical pattern:

Esplanade Company's credit sales have the following historical pattern: 

70%  Collected in the month of sale 

15%  Collected in the first month after sale 

10%  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      $60,000  October      $90,000 

August    $70,000         November   $100,000 

September     $80,000 December    $85,000 

Requirements:

1)  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.