ABC Companys budgeted sales for fune- July, and August are 14,400,18,400, and 16.400 units sespectively. The seling price for ench unit is $12 Based on past experience, ABC expects that 30% of a month's sales will be collected in the montr at saie, 60% in vhe following month, and 5% in the second month following the sale Required: Prepare an analysis of cash receipts from sales for ABC Company for August