The following information is available from the controllet's records for Titans Ltd All sales are on credit, Records show that percent of the customers pay during the month of the sale 15 percent pay the month after the sale, and the remaining 5 percent pay the second month after the sale. Perchases are all paid the following month at a 1 percent discount Cash disbursements for operating expenses in July were $8.00, Prepare a cash budget for July May June Sales $60,000 70,000 80,000 Purchases $20,000 30,000 25,000 July