Macy's has prepared the following budgeted sales: April May June July August $ 456,000 $ 465,000 $ 492,000 $ 517,000 $ 504,000 Macy's estimates that sales are 40% in credit and the remainder in cash. Also, Macy's estimates that 45% of credit sales are collected in the month of sale, 40% of credit sales are collected in the month following the sale, and 6% of credit sales are collected in the second month following the sale. a. How much cash will Macy's collected in June? (Do not round intermediate calculations.) Cash Receipts b. How much cash will Macy's collected in July? (Do not round intermediate calculations.) Cash Receipts c. How much cash will Macy's collected in August? (Do not round intermediate calculations.) Cash Receipts Macy's has prepared the following budgeted sales: April May June July August $ 456,000 $ 465,000 $ 492,000 $ 517,000 $ 504,000 Macy's estimates that sales are 40% in credit and the remainder in cash. Also, Macy's estimates that 45% of credit sales are collected in the month of sale, 40% of credit sales are collected in the month following the sale, and 6% of credit sales are collected in the second month following the sale. a. How much cash will Macy's collected in June? (Do not round intermediate calculations.) Cash Receipts b. How much cash will Macy's collected in July? (Do not round intermediate calculations.) Cash Receipts c. How much cash will Macy's collected in August? (Do not round intermediate calculations.) Cash Receipts