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 weil as local companies that coordinate adventure getaways in the desert for tourists. The following information is avallable for several months of the current year. The majority of Martin's sales (70 percent) are cash, but a few of the excursion companies purchase on credit. Of the credit sales, 25 percent are collected in the month of sole and 75 percent are collected in the following month. All of Martin's 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 2. Determine budgeted cash poyments for July and August, Complete this question by entering your answers in the tabs below. Determine budgeted cash collections for July and August. (Round yout intermediate calculations and final answers to nearest. Whole dollar.)