McFarland Company makes 65 percent of its sales in cash. Credit sales are collected as follows: 65 percent in the month of sale and 35 percent in the month following the sale. McFarland's budgeted sales for upcoming months follow: June July August September $ 23,200 32,000 30,000 28,000 Required: Compute McFarland's expected cash receipts for August. Budgeted Cash Receipts