Fomaco Inc. is expecting sales for the months of June to September as follows: June July Aug Sept 200,000 150,000 100,000 300,000 ($) -30% of sales are made on cash basis and the remaining 70% are collected next month. -Purchases in any month are equal to 50% of next month forecast sales and paid the next month. -Cash expenses (interest, salaries, taxes,): 30% of current month sales. a) Calculate the Cash collections in July & August only b) Calculate the total Cash disbursements in July & August only