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E8-11 (Algo) Calculating Cash Receipts [LO 8-4] Shadee Corporation expects to sell 510 sun shades in May and 330 in June. Each shades selis for

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E8-11 (Algo) Calculating Cash Receipts [LO 8-4] Shadee Corporation expects to sell 510 sun shades in May and 330 in June. Each shades selis for $10. Shadee's beginning and ending finished goods inventories for May are 80 and 50 shades, respectwely. Ending finished goods inventory for June wil be 50 shades It expects the following unit sales for the third quarter: Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent is collected in the month of the sale, 39 percent is collected during the following month, and 11 percent is never collected. Required: Calculate Shadee's total cash receipts for August and September. Note: Do not round your intermediote calculations. Round your answers to the nearest whole dollor

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