The Kansas Company is preparing a cash budget for the month of July. The following information on accounts receivable collections is available from Kansas' past collection experience: Percent of current month's sales collected this month Percent of prior month's sales collected this month Percent of sales two months prior to current month collected this month Percent of sales three months prior to current month collected this month The remaining 4% are not collected and are written off as bad debts. Credit sales to date are as follows: July (estimated) $154,000 June $139,000 May $124,000 April $149,000 What are the estimated collections in July? 15% 72% 6% 3%