Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations: (a) The budgeted selling price per unit is $70. Budgeted unit sales for June, July, August, and September are 9,100, 22,000, 24,000, and 25,000 units, respectively. All sales are on credit. (b) 40% of credit sales are collected in the month of the sale and 60% in the following month. (C) The ending finished goods inventory equals 20% of the following month's unit sales. (d) The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.50 per pound. (e) 40% of raw materials purchases are paid for in the month of purchase and 60% in the following month. (f) The direct labour wage rate is $12 per hour. Each unit of finished goods requires two direct labour-hours. (g) The variable selling and administrative expense per unit sold is $1.70. The fixed selling and administrative expense per month is $61,000. Required: What are the expected cash collections for July? Total cash collections