1) A company had actual sales of S30,000 in June, $50,000 in July, and S70,000 in August. Budgeted sales for September are $60,000. The company collects 30% of a month's sales in the month of sale. 50% in the first month after sale, 15% in the second month after sale, and the remaining 5% are uncollectible. Budgeted cash receipts for August should be