ABC Company's budgeted sales for June, July, and August are $14,800,18,800,$ and $16,800$ units respectively. The selling price for each

unit is $$14.$ Based on past experience, ABC expects that $30\%$ of a month's sales will be collected in the month of sale, $60\%$ in the

following month, and $8\%$ in the second month following the sale.

Required:

Prepare an analysis of cash receipts from sales for ABC Company for August.