18 14 points /7 L2 02:06:3 \\ 1 l / Martin Clothing Company is a retail company that sells hiking and other outdoor gear specially made for the desert heat. It sells to individuals as well as local companies that coordinate adventure getaways in the desert for tourists. The following information is available for several months of the current year: Cash Expenses Month Sales Pu rchases Paid May $ 98,999 1; 69,999 $ 23, 999 June 116,999 92,999 29, 999 July 135,999 119,999 3:3, 999 August 132,999 72,999 39,199 The majority of Martin's sales (75 percent) are cash, but a few of the excursion companies purchase on credit. Ofthe credit sales, 30 percent are collected in the month of sale and 70 percent are collected in the following month. All of Martin's purchases are on account with 45 percent paid in the month of purchase and 55 percent paid the following month. Required: 1. Determine budgeted cash collections for July. (Round your intermediate calculations and final answers to nearest whole dollar.) Budgeted Cash Collections \f