value: 6.25 points Minot Corporation is preparing its cash budget for August. The following information is available concerning its accounts receivable: Estimated credit sales for August Actual credit sales for July Estimated collections in August for credit sales in August Estimated collections in August for credit sales in July Estimated collections in August for credit sales prior to July 7.000 Estimated write-offs in August for uncollectible credit sales 5,000 Estimated provision for bad debts in August for credit sales in August 90,000 68,000 25% 70% S 3,200 Required: What is the estimated amount of cash receipts from accounts receivable collections in August? cash receipts