B. West Company's budgeted sales are as follows: August $300,000 September $400,000 The company collects cash from sales over two months, 40% in the month of sale, and 60% in the following month . (1) During September, the company's expected cash receipts (eollections) from sales are how m Show computation. (2) At the end of September, the company's Accounts Receivable will have a balance of how much? Show computation. C. For Trace Company, the following information is given for July: .At the beginning of July, cash balance is $28,000. .All sales are on credit. $90,000 will be collected from sales in July. Purchases of inventory are all on account. During July, expected cash payments (disbursements) for inventory purchases are $85,000. If cash has to be paid for an operating expense, cash will be paid as the expense is incurred. Operating expenses during July will be $50,000. This amount includes $9,000 for depreciation expense. The company wants to maintain a minimum cash balance of $10,000 all the time. . What will be the minimum amount of cash to be borrowed during July? Show computation