please solve it by typing step by step will be clear & do table if it need thankyou

Anne, Inc., has the following historical collection pattern for its credit sales. 60% collected in the month of sale 30% collected in the first month after sale 5% collected in the second month after sale 5% uncollectible . The sales on account have been budgeted for the last five months as follows: Month Sales August ights $ 40,000 ah College of the Middle East, 2020 September 80,000 October 90,000 November 130,000 December 100,000 Required: Compute the estimated total cash collections during the 4th quarter (Oct, Nov, and Dec). (5 points) Bonus Question Explain one purpose of budgeting