You are the owner of a new, BBQ and Patio Accessories Store in Calgary.

You have budgeted the following information regarding next years operating results and cash flow patterns:

Sales Type % of Total Collection Pattern

Credit card sales 55% 70% in the quarter of sale

30% in the quarter following sale

Cash sales 25% 100% in the quarter of sale

Sales on account 20% 65% in the quarter of sale

25% in the quarter following sale

10% in the 2nd quarter following sale

Total Budgeted Sales:

1st quarter 450,000

2nd quarter 365,000

3rd quarter 260,000

4th quarter 560,000

Required: Based on the above information prepare the schedule ofbudgeted cashcollections for the 3rd quarter.