please help me figure out how to solve these questions

10. value: 1.00 points Martin Clothing Company is a retail company that sells hiking and other outdoor gear specially made for the desert heat. It sells to individuals as well as local companies that coordinate adventure getaways in the desert for tourists. The following information is available for several months of the current year: Cash Expenses Month Sales Purchases Paid May $ 98,000 $ 68,000 $ 19,000 June 120,000 88,000 27,000 July 135,000 117,000 36,250 August 132,000 74,000 35,000 I The majority of Martin's sales (70 percent) are cash, but a few of the excursion companies purchase on credit. Of the credit sales, 35 percent are collected in the month of sale and 65 percent are collected in the following month. All of Martin's purchases are on account with 55 percent paid in the month of purchase and 45 percent paid the following month. Required: 1. Determine budgeted cash collections for July and August. (Round your intermediate calculations and nal answers to nearest whole dollar.) Budgeted Cash Collections __ 2. Determine budgeted cash payments for July and August