Current Attempt in Progress Grouper, Inc. has budgeted sales revenues as follows: June July August Credit sales $139,000 $134,000 $ 90,000 Cash sales 99,000 258,000 190,000 Total sales $238,000 $392,000 $ 280,000 Past experience indicates that 60% of the credit sales will be collected in the month of sale and the remaining 40% will be collected in the following month. Purchases of inventory are all on account with 50% is paid in the month of purchase and 50% paid in the month following purchase. Budgeted inventory purchases are as follows: June July $309,000 229.000