9:36 Company has the following information for the current year: Month May June July August Cash Expenses Sales Purchases Paid $ 99,000 $ 64,000 $ 24,000 123,000 137,000 89,000 25,500 114,000 33,000 125,000 75,000 29,400 70 percent of sales are cash. Of the credit sales, 40 percent are collected in the month of sale and 60 percent are collected in the following month. All purchases made by our company are on account with 60 percent paid in the month of purchase and 40 percent paid the following month. Required: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine budgeted cash collections for July and August. (Round your intermediate calculations and final answers to nearest whole dollar.) Budgeted Cash Collections July August