Waless sales are all on account to customers. The companys collection pattern is:

50% collected in the month of sale;

35% collected in the month following sale;

10% in the second month following sale; and

the remaining 5% is uncollectible.

The accounts receivable balance on July 31 was $30,000, all of which was collectible.

The cash balance at the beginning of August was $21,000.

Forecasted sales information follows:

Forecasted sales for April $110,000

Forecasted sales for May 130,000

Forecasted sales for June 90,000

Forecasted sales for July 100,000

Forecasted sales for August 120,000

Required:

Determine the amount of cash to be collected during the month of July