ABC Company$$s budgeted sales for June, July, and August are

$12,200,16,200,$ and $14,200$ units respectively. The selling price

for each unit is $$20.$ Based on past experience, ABC expects that

$25\%$ of a month$$s sales will be collected in the month of sale, $70\%$

in the following month, and $3\%$ in the second month following the

sale. Required: Prepare an analysis of cash receipts from sales for

ABC Company for August.$$