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 Month May June July August Sales Purchases Paid 115,000 136,000 129,000 $ 99,000 69,000 $24,000 94,000 116,000 78,000 28,000 37,500 33,600 The majority of Martin's 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 Martin's purchases are on account with 45 percent paid in the month of purchase and 55 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.) July August Budgeted Cash Collections 2. Determine budgeted cash payments for July and August. July August Budgeted Cash Payments Complete the following table: (Enter all values as positive values.) NUMBER OF UNITS Ending Beginning Inventory Inventory Production Sales 125 105 90 775 150 120 825 860 850 765 780 700 95 255 310 1,150 160 780