Cash receipts A firm has actual sales of $62,000 in April and $64,000 in May. It expects sales of $74,000

in June and $96,000 in July and in August. Assuming that sales are the only source of cash inflows and that half of them are for cash and the remainder are collected evenly over the following 2 months, what are the firm's expected cash receipts for June, July, and August?

Complete the cash receipts table below:(Round to the nearest dollar.)

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	April		May		June		July		August
Sales	$	62,000	$	64,000	$	74,000	$	96,000	$	96,000
Cash sales	$		$		$		$		$
Collections:
Lag 1 month			$		$		$		$
Lag 2 months					$		$		$
Total cash receipts					$		$		$