Salari Fle Edt View History Bookmarks Develop Window Help Marin Ceting Company is a retal company that Nking and other atd gear specully made for he desert heat. Isels tondviduals as wel as loal comparies that coordinate adventure getaways in the desert for tourists. The folowing inormation is avalable for several months of the current year Expenses 5 93,000 64,000$ 19.000 138000 112 36.750 18.00088,000 134,000 7,000 30,100 The majority of Martin's sales (65 percent) are cash, but a tew of the excursion companies purchase on credt. Ol the credt sales, 35 percent are colected in he month dt sale and 65 percent are collected in the following month. All of Martin's purchases are on account with 55 percent paid in the month of purchase and 45 percent paid the following month 1. Desermine budgeted cash collections for July and August (Round your intermediate calculations and final answers to nearest whole dollar) 2. Determine budgeted cash payments for Jully and Augus