The budget director of Natalia's Florist has prepared the following sales budget. The company had $210,000 in accounts receivable on July 1. Natalia's Florist normally collects 100 percent of accounts receivable in the month following the month of sale. Required a. Complete the schedule of cash receipts by filling in the missing amounts. July August September $ 68,000 $ 67,000 $ 80,000 99,000 115,000 120,600 $ 167,000 $ 182,000 $ 200,600 Sales Budget Cash sales Sales on account Total budgeted sales Schedule of Cash Receipts Current cash sales Plus: Collections from accounts receivable Total budgeted collections $ 278,000 $ 166,000 $ 195,000 b. Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet. Accounts receivable Widden Company, which sells electric razors, had $330,000 of cost of goods sold during the month of June. The company projects a 5 percent increase in cost of goods sold during July. The inventory balance as of June 30 is $20,000, and the desired ending inventory balance for July is $21,000. Widden pays cash to settle 75 percent of its purchases on account during the month of purchase and pays the remaining 25 percent in the month following the purchase. The accounts payable balance as of June 30 was $29,000. Required a. Determine the amount of purchases budgeted for July. Budgeted purchases b. Determine the amount of cash payments budgeted for inventory purchases in July. Cash payments