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Fox Trail Centers sales are all made on account. The firms collection experience has been that 32% of a months sales are collected in the

Fox Trail Centers sales are all made on account. The firms collection experience has been that 32% of a months sales are collected in the month the sale is made, 51% are collected in the month following the sale, and 15% are collected in the second month following the sale. The sales forecast for the months of May through August is as follows:

May $ 231,000
June 283,000
July 311,000
August 356,000

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

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