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Help Fox Trail Center's sales are all made on account. The firm's collection experience has been that 29% of a month's sales are collected in

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Help Fox Trail Center's sales are all made on account. The firm's collection experience has been that 29% of a month's sales are collected in the month the sale is made, 49% are collected in the month following the sale, and 20% are collected in the second month following the sale. The sales forecast for the months of May through August is as follows: May $227,000 June 275,000 July 323,000 August 373,000 Required: Calculate the cash collections that would be included in the cash budgets for July and August Cash collections July August

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