Hector Company reports the following: Sales Purchases July $28,000 17,640 August $36,000 22,680 September $40,000 28,000 Payments for purchases are made in the month after purchase. Selling expenses are 18% of sales, administrative expenses are 11% of sales, and both are paid in the month of sale. Rent expense of $2,600 is paid monthly. Depreciation expense is $1,700 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