Cloudy Company had the following historical collection pattern for its credit sales: 75% collected in the month of sale 10% collected in the first month after month of sale 8% collected in the second month after month of sale 5% 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 August September October November December $ 78,000 $ 90,000 $ 102,000 $ 114,000 $ 126,000 $ 108,000 The estimated cash collection by Cloudy Company during August from July and August credit sales is