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	$ 100,000	$ 62,000	$ 18,000
June	123,000	91,000	24,000
July	135,000	111,000	36,750
August	133,000	70,000	32,900

The majority of Martins sales (75 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 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.
2. Determine budgeted cash payments for July and August.