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Agua Cool is a distributor of betted water. Requirement: For items a through b compute the amount of cash receipts or payments Agua Cool should

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Agua Cool is a distributor of betted water. Requirement: For items a through b compute the amount of cash receipts or payments Agua Cool should budget for September. Management expects to sell equipment that cost $15,000 at a loss of $1,600. Accumulated depreciation on this equipment is $7,000. Management expects to sell 7,300 cases of water in August and 9,400 in September. Each case for $17. Cash sales average 36% of total sales and credit sales make up the rest. Four- fifths of credit sales are collected in the month of sales with the balance collected the following month. The amount of cash receipts the Company should budget for the sale of equipment is $__. The amount of cash the Company should expect to collect in September from the sales of bottled water is $__

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