Please help me fill out the chart information as I do not understand the nescary calculations or formulas nesccary for this type of problem. Thanks!

The following information is from Tejas WindowTint's nancial records. Month Sales Purchases April $73,000 $49,000 May 68,000 61,000 June 74,000 49,000 July 78,000 67,000 Collections from customers are normally 70 percent in the month of sale, 17 percent in the month following the sale, and 11 percent in the second month following the sale. The balance is expected to be uncollectible. All purchases are on account. Management takes full advantage of the 4 percent discount allowed on purchases paid for by the tenth of the following month. Purchases for August are budgeted at $64,000, and sales for August are forecasted at $70,000. Cash disbursements for expenses are expected to be $16,000 for the month of August. The company's cash balance on August1 was $35,000. Required: 1. Prepare the expected cash collections during August. 2. Prepare the expected cash disbursements during August. 3. Calculate the expected cash balance on August 31. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the expected cash collections during August. TEJAS WINDOW TINT Expected Cash Collections August Month Sales Percent Expected Collections % % % Total