I i Agua Ice is a distributor of bottled water For each of the items. compute the amount of cash receipts or payments Agua Ice will budget for your answers to the nearest whole dollar.) S September. The solution to one tem may depend on the answer to an earfer item. (Round Cick the icon to view the items) a. Management expects to sell equipment that cost $18,000 at a gain of $7,000 Accumulated depreciation on this equipment is 55,000 The amount of cash receipts the company will budget for the sale of the equipment is s a. st Three on a nd les are sales make upte b. Management expects o sell 7.900 cases o water in August and 9700 cases in September Each case seis or S 12 Cash sales average 10% of total sales andan collected in the month of sale, with the balance collected the following month b. The amount of cash receipts the company will budget for the collection of sale revenue is c. The company pays red win the orth ie sales Agua Ice pays one-half of commissions and other seling expenses in the Commissions and other selling expenses average 20% of rent and property taxes of $4600 each month balance paid the following month S The amount of cash payments for total expenses the company will budget for September is c