Check my work The following information is from Tejas WindowTint's financial records. Month April May June July $74,000 72,000 70,000 89,000 $58,000 54,000 42,000 60,000 Collections from customers are normally 69 percent in the month of sale, 20 percent in the month following t the second month following the sale. The balance is expected to be uncollectible. All purchases are full advantage of the 4 percent discount allowed on purchases paid for by the tenth of the following month. Purchases for August budgeted at $ for the month of August. The company's cash balance on August 1 was $35,000. he sale, and 8 percent in on account. Management takes 63,000, and sales for August are forecasted at $69,000. Cash disbursements for expenses are expected to be $15,000 Required: 1. Prepare the expected cash collections during August. 2. Prepare the expected cash disbursements during August 3. Calculate the expected cash balance on August 31. Complete this question by entering your answers in the tabs below Aa