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 $ 23,500 35,00 33,000 31,000 Required: Compute McFarland's expected cash receipts for August. Budgeted Cash Receipts