The following information is from Tejas WindowTint's financial records.

Month Sales Purchases

April...............................................$72,000............................................. $42,000

May..................................................66,000............................................... 48,000

June..................................................60,000.............................................. 36,000

July..................................................78,000............................................... 54,000

Collections from customers are normally 70 percent in the month of sale, 20 percent in the month following the sale, and 9 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 2 percent discount allowed on purchases paid for by the tenth of the following month. Purchases for August are budgeted at $60,000, and sales for August are forecasted at $66,000. Cash disbursements for expenses are expected to be $14,400 for the month of August. The company's cash balance on August 1 was $22,000.

Required:

Prepare the following schedules.

1. Expected cash collections during August.

2. Expected cash disbursements during August.

3. Expected cash balance on August 31.