Sheridan needs to calculate the company's expected cash receipts for the upcuming month to determine whethier additional financing is needed, Typically, the company's sales consist of 40% cash sales and 60% credit sales. Of the credit sales, 55% are collected in the same month, and 42% are collected in the following month, The remainder is generally uncollected, Total budgeted sales in June are $148,000 and in July are $140,000. What amount of total cosh receipts would Sheridan expect to collect in July