Fox Trail Center's sales are all made on account. The firm's collection experience has been that 30% of a month's sales are collected in the month the sale is made. 48% are collected in the month following the sale, and 20% are collected in the second month following the sale. The sales forecast for the months of May through August is as follows: May June July August $240,000 287,800 319, eee 353,000 Required: Calculate the cash collections that would be included in the cash budgets for July and August Cash collections July August