Meredith company has budgeted sales for the upcoming months as follows: April 457,000 May 467,000 June 493,000 July 524,000 August 510,000 September 485,000. 40% 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 sales and 6% in the second month following the sale. 1. Compute Meredits Company's cash recepits for June? 2. Compare Meredith Company's cash receipts for July? 3. Compute Meredith Company's cash recepits for August?