Using the following information and assuming credit sales are $10,000 for July, what is the projected cash collections for July related to July credit sales? Only give the cash collections for July credit sales. I'm not asking for total July cash collections. Desired ending inventory 10% of the next month's sales April Sales (units) 1,500 May Sales (units) 2,000 June Sales (units) 3,000 July Sales (units) 4,000 Selling Price $10 Credit Sales 25% Cash Sales 75% Credit Sale Cash Collection in Month 50% of Credit Sale Credit Sale Cash Collection in Month 50% Following Credit Sale