Monroe produces and sells auto parts. Last month (June) sales were 10,000 units @ $25 per unit. Sales are expected to increase by 2% in each of the next 3 months. May sales were 98,000 units at the same price sales production policy is:

60% of sales are collected in the same month and the remaining are credit sales

70% of credit sales are collected in the next month and 30% in two months

Calculate total cash receipts from sales in August