Hector Company reports the following: Sales Purchases July $18,000 10,440 August $26,000 15,080 September $30,000 18,000 Payments for purchases are made in the month after purchase. Selling expenses are 20% of sales, administrative expenses are 11% of sales, and both are paid in the month of sale. Rent expense of $3,100 is paid monthly. Depreciation expense is $1,200 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