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Built$-$Tight is preparing its master budget. Budgeted sales and cash payments follow:

July August September

Budgeted sales $ $59,000$ $ $75,000$ $ $53,000$

Budgeted cash payments for

Direct materials $17,16014,44014,760$

Direct labor $5,0404,3604,440$

Overhead $21,20017,80018,200$

Sales to customers are $30\%$ cash and $70\%$ on credit. Sales in June were $$64,000.$ All credit sales are collected in the month following the sale. The June $30$ balance sheet includes balances of $$35,000$ in cash and $$6,000$ in loans payable. A minimum cash balance of $$35,000$ is required. Loans are obtained at the end of any month when the preliminary cash balance is below $$35,000.$ Interest is $1\%$ per month based on the beginning$-$of$-$the$-$month loan balance and is paid at each month$-$end. Any preliminary cash balance above $$35,000$ is used to repay loans at month$-$end. Expenses are paid in the month incurred and consist of sales commissions $(10\%$ of sales$),$ office salaries $($$$5,000$ per month$),$ and rent $($$$7,500$ per month$).$

$1.$ Prepare a schedule of cash receipts for the months of July, August, and September.