C Pool Supplies sells inflatable tubes. The company shared its sales budget for the third quarter of 2023. July: $95000 August: $80000 September: $52000.

The companys costs of goods sold is 60% of sales and the desired ending inventory balance each month is 20% of next month's costs of goods sold. The company makes all purchases on account and typically pays 70% of purchases in the month of purchase and the remaining 30% next month. The balance in accounts payable on June 30 is $30,000.

Prepare an inventory purchases budget for July and August only.

Prepare the schedule of cash payments for inventory purchases for August only.