LG $4$ P$4-7$ Cash receipts A firm has actual sales of $$65,000$ in April and $$60,000$ in May. It

expects sales of $$70,000$ in June and $$100,000$ in July and in August. Assuming that

sales are the only source of cash inflows and that half of them are for cash and the

remainder are collected evenly over the following $2$ months, what are the firm's

expected cash receipts for June, July, and August?