Martin Clothing Company is a retail company that sells hiking and other outdoor gear specially made for the desert heat. It sells to individuals as well as local companies that coordinate adventure getaways in the desert for tourists. The following information is available for several months of the current year:

Month	Sales		Purchases		Cash Expenses Paid
May	$	90,000	$	61,000	$	20,000
June		123,000		92,000		25,500
July		130,000		112,000		34,500
August		129,000		72,000		35,000

The majority of Martins sales (65 percent) are cash, but a few of the excursion companies purchase on credit. Of the credit sales, 35 percent are collected in the month of sale and 65 percent are collected in the following month. All of Martins purchases are on account with 50 percent paid in the month of purchase and 50 percent paid the following month.

Required:

1. Determine budgeted cash collections for July and August.

	July	August
Budgeted Cash Collections

2. Determine budgeted cash payments for July and August.

	July	August
Budgeted Cash Payments