Ballentine Company expects sales for June, July, and August of $56,000, $62,000, and $52,000, respectively. Experience suggests that 45% of sales are for cash and 55% are on credit. The company collects 60% of its credit sales in the month following sale, 35% in the second month following sale, and 5% are not collected. What are the company's expected cash receipts for August from its current and past sales