Paul's Pool Service provides pool cleaning. chemical application, and pool repairs for residential customers. Clients are billed weekly for services provided and usually pay 70 percent of their fees in the month the service is provided. In the month following service, Paul collects 25 percent of service fees. The final 5 percent is collected in the second month following service. Paul purchases his supplies on credit, and pays 50 percent in the month of purchase and the remaining 50 percent in the month following purchase. Of the supplies Paul purchases, 75 percent is used in the month of purchase, and the remainder is used in the month following purchase. The following information is available for the months of June, July, and August, which are Paul's busiest months June 1 cash balance $16,600, June 1 supplies on hand $4,600 June 1 accounts receivable $9.500. June 1 accounts payable $4.500. Estimated sales for June July, and August are $28.500, $42.800 and $45.900, respectively, Sales during May were $26.900, and sales during April were $19.100. Estimated purchases for June July, and August are 510,400. $20,000 and $14,400, respectively. Purchases in May were $5.700. Required: 1. Compute budgeted cash receipts and budgeted cash payments for each month June August Budgeted Cash Receipts Budgeted Cash Payments