ABC Company's budgeted sales for June, July, and August are $14,200,18,200,$ and $16,200$ units respectively. The selling price for each

unit is $$15.$ Based on past experience, ABC expects that $40\%$ of a month's sales will be collected in the month of sale, $55\%$ in the

following month, and $2\%$ in the second month following the sale.

Required:

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