Martan Clothing Company is a retail conipaay that sells ikking and other outdoor dear specially made for the desent heat it sells to individuals as wels as local cornpanies that coordlente adventure getawbys in the desent for locilists. The following information is ovaisble for sevetal mooths of the cuirent year: The majonty of Maitun sales rio peicent are chsh, but a few af the excuision companes parchase on credit Or the credit sales, a5. peccent are collected in the mibnth of cale and 65 persent are cotlected in the following month A or Martins purchases are on accountwiti 40 percemt poid in the mointrof purchase and 60 percent paid the following monti Required 1. Determme buogeted chsh collection for Julyand Amgut 2. betemine bidgetnd cash payments to Jub acia Augut. Complete this quevilion by piaterlea your ansyers in the tatos below. Martin Clothing Company is a retail company that sells hiking and other outdoor gear specially made for the desert heat it selis to Individuats as well as tocal companies that coordinate adventure getaways in the desert for tourists. The following information is avotibble foc several months of the current year Themajony of Marun's saies (70 percent) are cash, but a few of the excursion companies purchase on credit. Of the credit sales, 35 perctnt are collected in the month of sale and 65 percent are collected in the following month. All of Martin's purchases are on accoumt with 40 percent paid in the month of purchase and 60 percent paid the following month. Required: 1. Determine budgeted carh collections for fuly and August. 2. Defeimine budgeted cash payments for July mnd Awgust Complete this question by entering vour answers in the tats below. oetermine budgeted caith paymentn for luly lind August