Kelsey is prepaing its inastier budget-Bidouted soles and cash payments for merchandise purchases for the next thiret nonhis follod Sales ate 20 bash and 800 on credit Sates in June were $57.450. All credit sales are colkected in the month following the sale. The Jume 30 balince sticet includes balances of $13,500 in cash and $6.200 in loans payathte. A minimum cash balance of $9,000 is required, L ains are obtained at the end of any month when the prefiminary cash biance is below $9000. interest b. 1% per morah based on the begining-of themonth loan balance and is paid at each month end If a preliminary cash balance above 59.000 at month.end exists. loans are repaid from the excess. Expenses are paid in the month incurred and consist of sales commissions (10\%3 of sales), oftice sadaries (\$5,200 per month), and rent ( $7,700 per month). (1) Prepure a schedule of cash recelpts from-sales for July, August. and September. (2) Prepare a cash budget for July. August. and September. Complete this question by entering your answers in the tabs below. Prepare a schedule of cash recelpts from sales for July, August, and septernber