ABC Company's budgeted sales for June, July and August are 15.600, 19,600 and 17,600 units respectively. The selling price for each units is 17. 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 2% in the second month following the sale prepare an analysis of cash receipts from sales for ABC company for August.