a. Beginning cash balance on July 1: $71,000. b. Budgeted cashreceipts from sales: 25% is collected in the month of sale, 50% inthe next month, and 25% in the second month after sale. Salesamounts a. Beginning cash balance on July \( 1 \$ \$ 71,000 \). b. Budgeted cash receipts from sales: \( 25 \% \) is collected in the month of sole, \( 50 \% \) in the next month, and \( 25 \% \) in the secon 1 answer