Fox Trail Center's sales are all made on account. The firm's collection experience has been that 31% of a month's sales are collected in the month the sale is made, 48% are collected in the month following the sale, and 19% 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 $237,000 277,000 311,000 351,000 Required: Calculate the cash collections that would be included in the cash budgets for July and August. Cash collections July August