Hector Company reports the following: July $22,000 14,300 August $30,000 19,500 September $34,000 22,000 Sales Purchases I Payments for purchases are made in the month after purchase. Selling expenses are 16% of sales, administrative expenses are 11% of sales, and both are paid in the month of sale. Rent expense of $3,200 is paid monthly. Depreciation expense is $1,100 per month Prepare a schedule of budgeted cash payments for August and September. OR COMPANY Budgeted Cash Payments For August and September August September Payments for