Part V. Cash Receipts Budget (10 points) Mollie, Inc. has a fiscal year that ends on June 30. The data below relates to the company's operations: Cash Sales Credit Sales Actual - May $ 50,000 $ 300,000 Actual - June 350,000 45,000 60,000 225,000 Projected - July Projected - August Projected - September 55,000 400,000 35,000 450,000 Other Information: Credit sales are collected as follows: 55% during the month of sale, 40% in the next month, and 5% are considered uncollectible and written off at the end of the month after the sale. The cash sales listed above are already net of any discounts Compute the cash receipts budget for July-September