Please put correct answer in the underlined space provided. Purchases Sales $ $ 57,600 $ April 33,600 52,800 $ May 38,400 $ 48,000 June 28,800 July 62,400 $ $ 43,200 August 52,800 $ 48,000 Collections from customers are as follows: Month of sale 75% One month following sale Second month following sale 20% 5% On the purchase side, the Company takes full advantage of the 3 percent discount allowed on purchases paid for by the tenth of the following month. (Hint: April purchases are paid in full in May by taking advantage of the discount.) Additional information for the month of August is as follows: Cash disbursements for administrative expenses 11,520 Amortization expenses Cash balance on August 1 4,000 $ 17,600 Required: a) Compute the cash collections for the month of (3 Marks) August. Compute the cash disbursements for the month of b) (3 Marks) August. Compute the cash balance on August 31. c) (3 Marks) d) Compute accounts receivable at August 31. (2 Marks) e) Compute accounts payable at August 31. (1 Mark)