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: EX 9-24 (Static) Part 2: Build a spreadsheet: Construct an Excel spreadsheet... 3. Construct an Excel spreadsheet to solve both of the preceding requirements. Show how the solution will change if the following nformation changes: sales in June and July were $50,000 and $65,000, respectively
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