Fox Trail Center’s sales are all made on account. The firm’s collection experience has been that 30% of a month’s sales are collected in the month the sale is made, 50% are collected in the month following the sale, and 18% are collected in the second month following the sale. The sales forecast for the months of May through August is as follows:

May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $240,000
June . . . . . .................. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 280,000
July . . . . . . . . . . . . . . .......................... . . . . . . . . . . . . . . . . . . . . . . 300,000
August . . . . . . . . . . . . . . . . . . . . . . . . ............ . . . . . . . . . . . . . . . . 350,000

Required:

Calculate the cash collections that would be included in the cash budgets for July and August.