Required information [The following imformation applies no the questions dispityed beiow] Buith-Tight is preparing its master buciget: Budgeted sales and cash payments follow: Sales to customers are 30% cash and 705 on credit, 5 ales in June were $94.000 All credit sales are collected in the month following the sale. The June 30 balance sheet inclubes balances of $35,000 in casti and $6.000 in loans payable. A minimum cash balance of $35,000 is requied Loans are obtained at the end of arry month when the preliminary cash balance is below $35,000, interest is the per month based on the beginning of the month loan balance and is paid at eoch month-end. Any preliminary cash balance above $35,000 is used to repay loans at month-end. Expenses ate paid in the month incurred and consist of sales commissions (10\% of silest, affice, salaries $5.000 per month), and rent (\$7,500 pel month). 1. Prepare a schectule of cosh receipts for the months of July, August, and septembet