Martin Clothing Compary is a retall compary that sells hiking and other outdoor gear specially made for the desert heat. is sels to indwiduals as well as local companies that coordinate adventure getaway in the desert for lourists. The following information is avalibile for several months of the current year: The majority of Martin's sales $65 percent) are cash, but a few of the excursion companies purchase on credit, Or the credin sales, 45 . percent are collected in the month of sale and 55 percent are collected in the following month. Ali of Martin's purchases are on account with 45 percent paid in the month of purchase and 55 percent pald the following month. Required: 1. Defermine budgeted cash collections for July and August 2. Deternine budpeted cosh paryments for July and August Complete this question by entering your answers in the tabs below. Determine budgeted cash collections for July and Augunt. Determine budgeted cash coliections for July and wuput. Note: Round your inferinediate calculations and final answers to nearest whole dollar. Determine budgeted cash payments for July and August