All sales of Aegan Electronics Supply are made on credit. Sales are billed twice monthly, on the 10th of the month for sales made in the last half of the prior month, and on the 20th of the month for sales made in the first half of the current month. When payments are made in the month of the sale, the sale qualifies for a 2% discount. The expected collection experience of accounts receivable is as follows: Within the discount period In the second month Uncollectible 72% 26% 2x Sales for the month of May were $780,000. Forecast sales for the next four months are as follows: June July August September $430,000 450,000 480,000 330,000 Aegan's cost of sales is 75% of revenue. Aegan purchases sufficient merchandise for resale to meet the current month's sales and to have an ending Inventory of 25% of the next month's forecast sales. All purchases are on credit. Aegan pays for one-half of a month's purchases in the month of purchase and the other half in the month following purchase. All purchases and sales occur evenly throughout the month Required: 1. How much will be collected in September? (Do not round intermediate calculations.) Total Collections Required: 1. How much will be collected in September? (Do not round intermediate calculations.) 2. What is the amount of expected collections during August for sales made in July? (Do not round intermediate calculator Total expected collections 3. How much merchandise should be purchased in July and in August? (Do not round intermediate calculations.) Purchases July August 4. What is the amount of disbursements in August? (Do not round intermediate calculations.) w 3. How much merchandise should be purchased in July and in August? (Do not round Intermediate calculations.) Purchases July August 4. What is the amount of disbursements in August? (Do not round intermediate calculations.) Disbursements in August 5. Calculate the net cash flow from sales and purchases in August. (Do not round intermediate calculations.) Net cash flow, August