Walmart Inc. is preparing its cash budget for the next quarter. Sales are projected to be $1,000,000 in July, $1,200,000 in August, and $1,500,000 in September. The company typically collects 80% of sales in the month of sale and 20% in the following month. Prepare a cash receipts schedule and determine the ending cash balance for each month if the beginning cash balance for July is $300,000.