Built-Tight is preparing its master budget. Budgeted sales and cash payments follow: Sales to customers are 30% cash and 70% on credit. Sales in June were $62.000. All credit sales are collected in the month following the sale. The June 30 balance sheet includes balances of $31,000 in cash and $5,800 in loans payable. A minimum cash balance of $31,000 is required. Loans are obtained at the end of any month when the prelliminary cash balance is below $31,000. Interest is 1% per month based on the beginning-of-the-month loan balance and is paid at each month-end. Any preilminary cash balance above $31,000 is used to repay loans at month-end, Expenses are paid in the month incurred and consist of sales commissions ( 10% of sales), office salaries ( $4,800 per month), and rent ( $7,300 per month). 1. Prepare a schedule of cash receipts for the months of July, August, and September