Aztec Company sells its product for $170 per unit. Its actual and projected sales follow.

	Units	Dollars
April (actual)	8,000	$1,360,000
May (actual)	2,000	340,000
June (budgeted)	7,000	1,190,000
July (budgeted)	7,500	1,275,000
August (budgeted)	4,300	731,000

All sales are on credit. Recent experience shows that 22% of credit sales is collected in the month of the sale, 48% in the month after the sale, 29% in the second month after the sale, and 1% proves to be uncollectible. The products purchase price is $110 per unit. All purchases are payable within 15 days. Thus, 60% of purchases made in a month is paid in that month and the other 40% is paid in the next month. The company has a policy to maintain an ending monthly inventory of 20% of the next months unit sales plus a safety stock of 185 units. The April 30 and May 31 actual inventory levels are consistent with this policy. Selling and administrative expenses for the year are $1,692,000 and are paid evenly throughout the year in cash. The companys minimum cash balance at month-end is $130,000. This minimum is maintained, if necessary, by borrowing cash from the bank. If the balance exceeds $130,000, the company repays as much of the loan as it can without going below the minimum. This type of loan carries an annual 12% interest rate. On May 31, the loan balance is $38,000, and the companys cash balance is $130,000. (Round final answers to the nearest whole dollar.)

Please answer tables 1-5. Thank you

value Req 2.30 points Required 1. Prepare a table that shows the computation of cash collections of its credit sales (accounts receivable) in each of the months of June and July Percent Collected in April May June July August Credit sales from April May June Ju August 29% Amount Collected in Total April May June July August Credit sales from April May June Ju August $ 1,360,000 340,000 1,190,000 1,275,000 731,000