Hector Company reports the following: Sales Purchases July $ 16,000 10,080 August $24,000 15,120 September $28,000 16,000 Payments for purchases are made in the month after purchase. Selling expenses are 19% of sales, administrative expenses are 10% of sales, and both are paid in the month of sale. Rent expense of $2,700 is paid monthly. Depreciation expense is $1,400 per month. Prepare a schedule of budgeted cash payments for August and September. HECTOR COMPANY Budgeted Cash Payments For August and September August September Payments for