The Company has the following Information for the current year: Cash Expenses Month May June Sales $ 100,000 $ Purchases Paid 62,000 $21,000 July August 122,000 140,000 126,000 94,000 26,000 117,000 34,750 77,000 32,900 75 percent of sales are cash. Of the credit sales, 25 percent are collected in the month of sale and 75 percent are collected in the following month. All purchases made by our company are on account with 50 percent paid in the month of purchase and 50 percent paid the following month. Required: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine budgeted cash collections for July and August. (Round your intermediate calculations and final answers to nearest whole dollar.) Budgeted Cash Collections July August