Actual sales for July and August and expected sales for September are as shown below. Sales on account are collected over a three-month period as follows: 10% collected in the month of sale, 70% collected in the month following sale, and 18% collected in the second month following sale. The remaining 2% is uncollectible: Purchases of inventory will total $32,500 for September. Twenty percent of a month's ifventory purchases are paid for during the month of purchase. The accounts payable remaining from August's inventory purchases total $25,000, all of which will be paid in $eptember. Selling and administrative expenses are budgeted at $20,500 for September, of this amount, $7,000 is for depretiation. Equipment costing $25,500 will be purchased for cash during September, and dividends totalling $5,300 will be paid during the month. The company maintains a minimum cash balance of $5,400. An open line of credit is available from the company's bank to bolster the cash position as needed. Assume any borrowings occur at the beginning of the month and repayments occur at the end of the month. Interest on outstanding loan balances during the month must be paid at the end of each month. The monthly interest rate is 0.5%. equired: Prepare a schedule of expected cash collections for September