Mini-Exercise 14-5 (Algo) Cash receipts analysis LO 14-7 ABC Company's budgeted sales for June, July, and August are 12,200,16,200, and 14,200 units respectively. The selling price for each unit is $20. Based on past experience, ABC expects that 25% of a month's sales will be collected in the month of sale, 70% in the following month, and 3% in the second month following the sale. Required: Prepare an analysis of cash receipts from sales for ABC Company for August