13 - 33 Estimate Cash Collections

Minot Corporation is preparing its cash budget for August. The following information is available concerning its accounts receivable:

Estimated credit sales for August	$180,000
Actual credit sales for July	$135,000
Estimated collections in August for credit sales in August	20%
Estimated collections in August for credit sales in July	75%
Estimated collections in August for credit sales prior to July	$14,400
Estimated write-offs in August for uncollectible credit sales	$7,200
Estimated provision for bad debts in August for credit sales in August	$6,300

Required

What is the estimated amount of cash receipts from accounts receivable collections in August?