help needed. thank you

Month May June July August Cash Expenses Sales Purchases Paid $ 91,000 $ 69,000 $ 23,000 123,000 85,000 24,500 138,000 117,000 37,750 133,000 75,000 29,400 The majority of Martin's sales (60 percent) are cash, but a few of the excursion companies purchase on credit. Of the credit sales, percent are collected in the month of sale and 60 percent are collected in the following month. All of Martin's purchases are on account with 45 percent paid in the month of purchase and 55 percent paid the following month. Required: 1. Determine budgeted cash collections for July and August 2. Determine budgeted cash payments for July and August. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine budgeted cash collections for July and August. (Round your intermediate calculations and final answers to nearest whole dollar) July August Budgeted Cash Collections Month May June July August Cash Expenses Sales Purchases Paid $ 91,000 $ 69,000 $ 23,000 123,000 85,000 24,500 138,000 117,000 37,750 133,000 75,000 29,400 The majority of Martin's sales (60 percent) are cash, but a few of the excursion companies purchase on credit. Of the credit sales, 40 percent are collected in the month of sale and 60 percent are collected in the following month. All of Martin's purchases are on account with 45 percent paid in the month of purchase and 55 percent paid the following month. Required: 1. Determine budgeted cash collections for July and August. 2. Determine budgeted cash payments for July and August Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine budgeted cash payments for July and August July August Budgeted Cash Payments