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Fox Trail Centers sales are all made on account. The firms collection experience has been that 30% of a months sales are collected in the

Fox Trail Centers sales are all made on account. The firms collection experience has been that 30% of a months sales are collected in the month the sale is made, 51% are collected in the month following the sale, and 17% are collected in the second month following the sale. The sales forecast for the months of May through August is as follows:

May $ 249,000

June 281,000

July 301,000

August 353,000

Calculate the cash collections that would be included in the cash budgets for July and August.

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