Ballentine Company expects sales for June July, and August of $68.000 $74,000 and $64.000, respectively. Experience suggests that 40% of sales are for cash and 60% 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