What is the net amount (cash collections less cash expenditures) of cash collected in August?

QUESTION 8 10 point Techor Company has budgeted the following amounts for sales and purchases in Q3 of 2022; Month Sales Purchases July $50,000 $9,000 August $75,000 $22,000 September $80,000 $20,000 Cash from Sales are collected in the month of the sale and payments for purchases are made in the month following the purchase. Cash selling expenses are 15% of Sales and cash administrative expenses are 10% of Sales. Both of these expenses are paid in the month of sale. Other expenses include: Rent expense of $5,500 that is paid monthly and depreciation expense of $2,000 that is recognized each month. What is the net amount (cash collections less cash expenditures) of cash collected in August