5 Month May Dune July August Cash Expenses Sales Purchases Paid 99,000 $ 61, Bee $ 22,090 119,000 86,800 28,500 138, cee 116,000 35,000 134,000 79,000 34,300 0140.00 eBook Hinc The majority of Martin's sales (75 percent) are cash, but a few of the excursion companies purchase on credit. Of the credit sales, 45 percent are collected in the month of sale and 55 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 and August. 2. Determine budgeted cash payments for July and August Print Complete this question by entering your answers in the tabs below. Required: Required 2 Determine budgeted cash collections for July and August (Round your intermediate calculations and final answers to nearest whole dollar) July August Budgeted Cash Collections