E8-17 (Algo) Calculating Cash Receipts [LO 8-4] McFarland Company makes 65 percent of its sales in cash. Credit sales are collected as follows: 65 percent in the month of sale and 35 percent in the month following the sale. McFarland's budgeted sales or upcoming months follow: June 22,680 July August September 26,08e 24,eee 22,eee Required: Compute McFarland's expected cash receipts for August Budgeted Cash Receipts