Peeulred information [The following informotion applies to the questions displaynd betow] Bulit-Tight is preparing its master budget, Budgeted soles and cash poyments follow: Sales to customers are 25% cash and 75% on credit Sales in June were $56,000. Al credit sales are collected in the menth folowing the saie. The June 30 bolance sheet includes bolances of $37,000 in cash and $4,900 in loans payable. A minimum cash balance of $37,000 is required, Loans are obtained at the end of any month when the preliminary cash bolance is below $37,000. Interest is 18 per month based on the beginning-of the-month loan balance and is paid at each month-erid. Any preliminary cash balance above $37,000 is used to repay loans at month-end, Expenses are paid is the month incurred and consist of sales commissions (\$O\% of sales) office salaries (\$3,900 per month), and rent (\$6,400 per month) 1. Prepure a schedule of cash receipts for the months of July. August, and September