Cloudy Company had the following historical collection pattern for its credit sales:

$70\%$ collected in the month of sale

$14\%$ collected in the first month after month of sale

$8\%$ collected in the second month after month of sale

$6\%$ collected in the third month after month of sale

$2\%$ uncollectible

The sales on open account $($credit sales$)$ have been budgeted for the last six months of the year as shown below:

July $ $84,000$

August $ $96,000$

September $ $108,000$

October $ $120,000$

November $ $132,000$

December $ $114,000$

The estimated cash collection by Cloudy Company during August from July and August credit sales is: