Complete this question by entering your answers in the tabs below. Calculation Inc Stmt Bal Sheet Calculate the budgeted cash receipts and cash payments. Calculation of Cash Receipts From Sales ----Collected in Total Sales June July 31 Accounts Rec. July Credit sales from: May $ June 1.720,000 1,200,000 1,400,000 4,320,000 July Totals $ $ Calculation of Cash Payments for Merchandise -Paid in July 31 Total Purchases June July Accounts Pay. Purchases from: June July 430,000 600,000 1,030,000 Totals $ $ 0 Calculation Inc Stmt Bal Sheet >