ABC Company has budgeted sales for the following three months as follows: July $50,000 August $60,000 September $80,000 Sales are collected in as follows: 10% are collected in the month of sale, 50% are collected in the month following the month of sale, and 40% are collected two months following the month of sale. Budgeted cash collections in September would be: $50,000 $80,000 $140,000 $58,000