Our company - Public Eye Corp. - is an early-stage company providing real-time access to satellite...

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Our company - Public Eye Corp. - is an early-stage company providing real-time access to satellite images. Our clients include government entities and private firms. Demand for our services has been growing rapidly over the last year, and cash planning has become critically important. We collect some of our sales in cash (primarily sales to smaller clients using credit cards or other payment services). Most of our sales, primarily to government entities, are collected over the 90-day period following the sale. These collections follow a predictable pattern: approximately 25% of credit sales are collected in the same month as the sale; 65% of credit sales are collected in the month after the sale; and 10% of credit sales are collected two months after the sale. On October 1, 2021, we prepared our cash budget for the 4th quarter of 2021. Our 3rd quarter ending balance of accounts receivable was $7,201,000; this consisted of uncollected credit sales made in August of $366,000 and uncollected credit sales made in September of $6,835,000. Our budgeted cash and credit sales for the 4th quarter are: October: credit sales $7,873,000; cash sales $1,324,000 November: credit sales $8,324,000; cash sales $1,419,000 December: credit sales $9,245,000; cash sales $1,623,000 What is the amount of our budgeted cash receipts in November? Our company - Public Eye Corp. - is an early-stage company providing real-time access to satellite images. Our clients include government entities and private firms. Demand for our services has been growing rapidly over the last year, and cash planning has become critically important. We collect some of our sales in cash (primarily sales to smaller clients using credit cards or other payment services). Most of our sales, primarily to government entities, are collected over the 90-day period following the sale. These collections follow a predictable pattern: approximately 25% of credit sales are collected in the same month as the sale; 65% of credit sales are collected in the month after the sale; and 10% of credit sales are collected two months after the sale. On October 1, 2021, we prepared our cash budget for the 4th quarter of 2021. Our 3rd quarter ending balance of accounts receivable was $7,201,000; this consisted of uncollected credit sales made in August of $366,000 and uncollected credit sales made in September of $6,835,000. Our budgeted cash and credit sales for the 4th quarter are: October: credit sales $7,873,000; cash sales $1,324,000 November: credit sales $8,324,000; cash sales $1,419,000 December: credit sales $9,245,000; cash sales $1,623,000 What is the amount of our budgeted cash receipts in November?

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