nike D ezt tion.com/hm.tpx E8-18 Preparing Cash Receipts and Cash Payments Budgets LO 8-4) Martin Clothing Company is a retal company that sells hiking and other outdoor gear specaly made for the getaways in the desert for tourists. The following information is available for several months of the current year June July August S 98.000 $ 67,000 $ 24.000 28.000 36.250 75,000 28,700 116.000 132.000 132,000 91,000 111,000 credit. Of the credit sales, 40 percent are colected i n the monm of sale and 60 percent are The malorthy of kiartin's sales (63 percentae cash but a few ot the eucusinmne account with 40 percent paid in the month of purchase and 60 percent paid the tollowing month collected in the following month. All of Martin's purchases are on Required 1. Determine budgeted cash collections for July and August (Round your intermediate and final answers to nearest whole dollar.) Cash O Type here to search