EX $9-24($Algo$)$ Cash Collections $($LO $9-3,9-5)$

Coyote Loco, Incorporated, a distributor of salsa, has the following historical collection pattern for its credit sales.

$70$ percent collected in the month of sale.

$15$ percent collected in the first month after sale.

$10$ percent collected in the second month after sale.

$4$ percent collected in the third month after sale.

$1$ percent uncollectible.

The sales on account have been budgeted for the last seven months as follows:

$\backslash$table$[[$June$,$$$128,500$