Minot Corporation is preparing its cash budget for August. The following information is available concerning its accounts receivable: Estimated credit sales for August $ 130,000 Actual credit sales for July $ 99,000 Estimated collections in August for credit sales in August 25 % Estimated collections in August for credit sales in July 70 % Estimated collections in August for credit sales prior to July $ 11,000 Estimated write-offs in August for uncollectible credit sales $ 5,000 Estimated provision for bad debts in August for credit sales in August $ 4,800 Required: What is the estimated amount of cash receipts from accounts receivable collections in August?