The following information is from Tejas WindowTint's financial records. Month Sales April $77,000 May 68,000 June 63,000 July 71,000 Purchases $50,000 60,000 48,000 66,000 Collections from customers are normally 68 percent in the month of sale, 20 percent in the month following the sale, and 11 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 4 percent discount allowed on purchases paid for by the tenth of the following month. Purchases for August are budgeted at $67,000, and sales for August are forecasted at $73,000. Cash disbursements for expenses are expected to be $14,200 for the month of August. The company's cash balance on August 1 was $35,000. TEJAS WINDOW TINT Expected Cash Collections August Month Sales Percent Expected Collections % % % Total TEJAS WINDOW TINT Expected Cash Disbursements August July purchases to be paid in August Net Cash disbursements for expenses Total TEJAS WINDOW TINT Expected Cash Balance August 31 Balance, August 1 Expected balance