Martin Clothing Compary is a retail company that sells hiking and other outdoor gear specially made for the desert heat it sells to inctividuals as well os local companies that coordinate odventure getaways in the desert for tourists. The following information is avalitable for several months ot the current year. The mojarity of Martin's sales (60 percent) are cash, but a few of the excursion companies purchase on credit of the credit alim. 40 percent are collected in the morth of sale and 60 percent are collected in the following month. Al of Martin's purchases are on account with 50 percent paid in the month of purchase and 50 percent paid the following moneh Recuired: 1. Determine budigeted cash collections for July and August. 2. Delermine budgeted cash poyments for July and August. Complete this question by entering your answers in the tabs below. Detarmine buggeted casb collections for July and Mugust. (Rheund your interinediate calcuiations and fical arivers to muarnet whiole dollar