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 $ 24 , 100 July 41, 000 August 39 , 000 September 37 ,000 Required: Compute Mcfarland's expected cash receipts for August. Budgeted Cash Receipts