The budget director of Natalias Florist has prepared the following sales budget. The company had $370,000 in accounts receivable on July 1. Natalias 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
Sales Budget
Cash sales	$61,000	$71,000	$80,000
Sales on account	97,000	106,000	122,600
Total budgeted sales	$158,000	$177,000	$202,600
Schedule of Cash Receipts
Current cash sales
Plus: Collections from accounts receivable
Total budgeted collections	$431,000	$168,000	$186,000