2 Ints Minot Corporation is preparing its cash budget for August. The following information is available concerning its accounts receivable: Estimated credit sales for August $ 90,000 Actual credit sales for July $ 68,000 Estimated collections in August for credit sales in August Estimated collections in August for credit sales in July 25% 70% Estimated collections in August for credit sales prior to July Estimated write-offs in August for uncollectible credit sales Estimated provision for bad debts in August for credit sales in August $ 7,000 $ 5,000 $ 3,200 00:28:46 Required: What is the estimated amount of cash receipts from accounts receivable collections in August? Estimated cash receipts