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Martha Company's sales consists of 20% cash sales and 80% credit. For their credit sales, Martha Company estimates that they will collect 60% of sales

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Martha Company's sales consists of 20% cash sales and 80% credit. For their credit sales, Martha Company estimates that they will collect 60% of sales in the month sold, 25% in the following month, 12% in the second month following the sale, and 3% will remain uncollected. Determine the total amount collected for the month of August given the following sales information: Total Budgeted Month Sales June $150,000 W July 105,000 August 135,000

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