The following information is from Tejas Window Tint's financial records. Month Purchases Sales April $78,000 May 70,000 74.000 July 80,000 June 545,000 54,000 42.000 60,000 Collections from customers are normally 65 percent in the month of sale, 18 percent in the month following the sale, and 15 percent in the second month following the sale. The balance is expected to be uncollectible. All purchases are on account Management takes full advantage of the 2 percent discount allowed on purchases paid for by the tenth of the following month. Purchases for August are budgeted at $68,000, and sales for August are forecasted at $74,000. Cash disbursements for expenses are expected to be $15,000 for the month of August. The company's cash balance on August 1 was $25,000 Required: 1. Prepare the expected cash collections during August 2. Prepare the expected cash disbursements during August 3. Caiculate the expected cash balance on August 31. Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Prepare the expected cash collections during August TEJAS WINDOW TINT Expected Cash Collections August Expected Percent Vonth Sales Collections % % % Total Required Required 2 >