Hector Company reports the following: Sales purchases July August $30.000 $38,000 28.900 23,940 September $42,000 30,000 Payments for purchases are made in the month after purchase. Selling expenses are 18% of sales, administrative expenses are 12% of sales, and both are paid in the month of sale. Rent expense of $2,300 is paid monthly, Depreciation expense is $1100 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