Badger Corporation has prepared the following sales budget: Month May June July August September Cash Sales $83,570 107,800 89,230 120,400 112,800 Credit Sales $341,600 403,300 368,400 458,000 382,900 Collections are 40 percent in the month of sale, 45 percent in the month following the sale, and 10 percent two months following the sale. The remaining 5 percent is expected to be uncollectible. Prepare a schedule of cash collections for July through September. BADGER CORPORATION Cash July August September Total Cash sales Collections of credit sales from: Current month Previous month Two months ago Total collections