red ion Fomaco Inc. is expecting sales for the months of June to September as follows: June July Aug Sept. 200,000 150,000 100,000 300,000 ($) -30% of sales are made on cash basis and the remaining 70% are collected next month. -Purchases in any month are equal to 50% of next month forecast sales and paid the next month, -Cash expenses interest, salaries, taxes.): 30% of current month sales. a) Calculate the cash collections in July & August only b) Calculate the total Cash disbursements in July & August only