Hector Company reports the following: Sales Purchases July $28,000 $36,000 17.640 22,630 September $40,000 28.000 Payments for purchases are made in the month after purchase. Selling expenses are 16% of sales, administrative expenses are 8% of sales, and both are paid in the month of sale. Rent expense of $3.300 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