Meredith Company has budgeted sales for the upcoming months as follows: April Pay $453,000 $465,000 June July August September $400,000 $517,000 $ 104,000 $400,000 30% of the sales are credit sales, the remainder are made in cash. Credit sales are collected 45% in the month of sale, 40% in the month following the sale, and 5% in the second month following the sale a. Compute Meredith Company's cash receipts for June. (Do not round intermediate calculations.) Cash Receipts 4 b. Compute Meredith Company's cash receipts for July. (Do not round Intermediate calculations.) Cash Receipts c. Compute Meredith Company's cash receipts for August. (Do not round intermediate calculations.) Cash Receipts