ABC Company's budgeted sales for June, July, and August are 15,200, 19,200, and 17,200 units respectively. The selling price for each unit is $15. 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 7% in the second month following the sale. Required: Prepare an analysis of cash receipts from sales for ABC Company for August June July August Budgeted sales units Unit selling price Budgeted sales revenue August collections Current month's sales Prior month's sales Second prior months sales Total collections ances ABC Company's raw materials purchases for June, July, and August are budgeted at $53,000, 543,000 and $68.000, respectively Based on past experience, ABC expects that 60% of a month's raw material purchases will be paid in the month of purchase and 40% in the month following the purchase. Required: Prepare an analysis of cash disbursements from raw materials purchases for ABC Company for August June July August Budgeted raw material purchases August cash payments Current month's purchases Prior month's purchases Total cash payments