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PrimeTime Sportswear is a custom imprinter that began operations six months ago. Sales have exceeded management's

most optimistic projections. Sales are made on account and collected as follows: $51\%$ in the month after the sale is made

and $46\%$ in the second month after sale. Merchandise purchases and operating expenses are paid as follows:

In the month during which the merchandise is purchased or the cost is incurred $71\%$

In the subsequent month

PrimeTime Sportswear's income statement budget for each of the next four months, newly revised to reflect the success of

the firm, follows:

Cash on hand June $30$ is estimated to be $$40,220.$ Collections of June $30$ accounts receivable were estimated to be

$$19,910$ in July and $$15,050$ in August. Payments of June $30$ accounts payable and accrued expenses in July were

estimated to be $$24,450.$

Required:

a$.$ Prepare a cash budget for July.