15 The LaPann Corporation has obtained the following sales forecast data: July August September October Cash sales $ 80, 000 $ 70 , 000 $ 50, 000 $ 60, 000 Credit sales $ 240 , 000 $ 220, 000 $ 180 , 000 $ 200 , 000 3.2 points The regular pattern of collection of credit sales is 30% in the month of sale, 70% in the month following the 8 01:40:27 month of sale. There are no bad debts. The total budgeted cash collections in August would be