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 May $ Cash Expenses Sales Purchases Paid 94,800 $ 67,800 $ 19, eee 117,800 93,000 28,500 135,800 114,900 33,250 134,800 73,900 3e, Bee June July August 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 sale and 75 percent are collected in the following month. All of Martin's purchases are on account with 40 percent pald in the month of purchase and 60 percent pald the following month. Required: 1. Determine budgeted cash collections for July and August 2. Determine budgeted cash payments for July and August Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine budgeted cash collections for July and August. (Round your intermediate calculations and final answers to nearest whole dollar.) July August Budgeted Cash Collections Required 1 Required 2 Determine budgeted cash payments for July and August. July August Budgeted Cash Payments