McFarland Company makes 70 percent of its sales in cash. Credit sales are collected as follows: 70 percent in the month of sale and 30 percent in the month following the sale. McFarlands budgeted sales for upcoming months follow: June $ 23,900 July 39,000 August 37,000 September 35,000 Required: Compute McFarlands expected cash receipts for August.

Budgeted Cash Receipts