Manchester Lid's sales are all on account to customers. The company's collection pattern is: 50% collected in the month of sale; 35% collected in the month following sale; 10% in the second month following sale; and the remaining 5% is uncollectible. The accounts receivable balance on July 31 was $30,000, all of which was collectible. The cash balance at the beginning of August was $21,000. Forecasted sales information follows: Forecasted sales for April $110,000 Forecasted sales for May 130,000 Forecasted sales for June 90,000 Forecasted sales for July 100,000 Forecasted sales for August 120,000 Instructions Determine the amount of cash to be collected during the month of July