What is the amount of cash to be collected in the month of August? Multiple Choice \\[ \\$ 40,106 \\] \\[ \\$ 40,340 \\] \\[ \\$ 38,036 \\] \\( \\$ 44,140 \\) The Model Company is to begin operations in April. It has budgeted April sales of \\( \\$ 30,000 \\), May sales of \\( \\$ 34,000 \\), June sales of \\( \\$ 40,000 \\), July sales of \\( \\$ 42,000 \\), and August sales of \\( \\$ 38,000 \\). Note that \10 of each month's sales is expected to represent cash sales; \75 of the balance is expected to be collected in the month following the sale, \17 the second month, \6 the third month, and the balance is expected to be uncollectible. What is the amount of cash to be collected in the month of August