Schedule of Cash Collections on Accounts Receivable and Cash Budget Lopez Inc. found that about 10% of its sales during the month were for cash. Lopez has the following accounts receivable payment experience: Percent paid in the month of sale Percent paid in the month after the sale Percent paid in the second month after the sale Lopez's anticipated sales for the next few months are as follows: April 30% 6096 6% $220,000 250,000 220,000 245,000 260,000 May June uly August Required: Calculate the budgeted cash receipts for the month of August