McFarland Company makes 60 percent of its sales in cash. Credit sales are collected as follows: 60 percent in the month of sale and 40 percent in the month following the sale. McFarland's budgeted sales for upcoming months follow: June July August September $ 24,300 43,000 41,000 39,000 Required: Compute McFarland's expected cash receipts for August. Budgeted Cash Receipts $ 51,640 x