The following is the sales budget for the given months of Karle Corporation Cash Sales Credit Sales $213,000 July $49,000 $266,000 $40,000 August September $223,000 $38,000 $278.000 $49,000 October $238,000 $37,000 November Additional information to be used determining the expected cash collections each month that will be used in preparing the cash budget The Accounts Receivable balance on July 1 was $81,015. Of this amount $57,015 represented uncollected June sales and $24.000 represented uncollected May sales Collections on Credit sales 55% in month of sale 40% in month following sale 5% in second month following sale Part 1: What is the expect cash to be collected in July?,S Part 2: The budgeted Accounts Receivable on November 1 would be