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:

Cash Expenses Paid 22,000 23,500 34,750 32,900 Month Sales $ Purchases 67,000 $ 85,000 119,000 73,000 100,000 $ 119,000 133,000 132,000 May June July August The majority of Martin's sales (65 percent) are cash, but a few of the excursion companies purchase on credit. Of the credit sales, 40 percent are collected in the month of sale and 60 percent are collected in the following month. All of Martin's purchases are on account with 55 percent paid in the month of purchase and 45 percent paid the following month Required: 1. Determine budgeted cash collections for July and August. (Round your intermediate calculations and final answers to nearest whole dollar.) August July Budgeted Cash Collections 2. Determine budgeted cash payments for July and August August July Budgeted Cash Payments