9)

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:

Month	Sales		Purchases		Cash Expenses Paid
May	$	90,000	$	61,000	$	23,000
June		117,000		87,000		26,000
July		136,000		112,000		37,750
August		135,000		76,000		30,100

The majority of Martins sales (60 percent) are cash, but a few of the excursion companies purchase on credit. Of the credit sales, 35 percent are collected in the month of sale and 65 percent are collected in the following month. All of Martins 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.

Determine budgeted cash collections for July and August. (Round your intermediate calculations and final answers to nearest whole dollar.) Determine budgeted cash payments for July and August