The following information is from Tejas WindowTint$$s financial records.

Month Sales Purchases

April $ $80,000$ $ $43,000$

May $69,00045,000$

June $61,00033,000$

July $90,00051,000$

Collections from customers are normally $69$ percent in the month of sale, $16$ percent in the month following the sale, and $12$ 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 $3$ percent discount allowed on purchases paid for by the tenth of the following month. Purchases for August are budgeted at $$61,000,$ and sales for August are forecasted at $$67,000.$ Cash disbursements for expenses are expected to be $$15,400$ for the month of August. The company$$s cash balance on August $1$ was $$36,000.$

Required:

Prepare the expected cash collections during August.

Prepare the expected cash disbursements during August.

Calculate the expected cash balance on August $31.$