Taha Company Ltd. is required to prepare a cash budget for the quarter. a. On July 1, the beginning of the third quarter, the company will have a cash balance of $200,000. b. Actual sales for the last two months and budgeted sales for the third quarter following (all sales are on account): $100,000 $200,000 $250,000 May (actual) June (actual) July (budgeted) August (budgeted) September (budgeted) $650,000 $240,000 Past experience shows that 20% of a month's sales are collected in the month of sale, 70% in the month following sale, and 10% in the second month following sale. Required: Prepare a schedule of expected cash collections for the month of September.