Omar Inc. manufactures an advanced swim fin for scuba divers. Management is now preparing detailed budgets for the third quarter, July through September, and has assembled the following information to assist in preparing the budget. The marketing department has estimated sales in units as follows for the remainder of the year. JulyAugustSeptemberQuarterSales in units$6,0007,0005,0004,000$ a$.$ The selling price of the swim fins is $$35$ per pair. b$.$ All sales are on account. Based on the experience, the company has learned that $40\%$ of a month of sales are collected in the month of sale, another $50\%$ are collected in the month following sale, and the remaining $10\%$ are collected in the second month of sale. May sales totaled $ $147,000$ and June Sales $$122,500.$ You are required to prepare the following budgets$1.$ Budgeted sales in Dollars$\mathrm{.}2.$ Schedule of Expected cash collectionOmar Inc. manufactures an advanced swim fin for scuba divers. Management is now preparing detailed budgets for the third quarter, July through September, and has assembled the following information to assist in preparing the budget. The marketing department has estimated sales in units as follows for the remainder of the year.

July August September Quarter

Sales in units $6,0007,000,5,000,4,000$

a$.$ The selling price of the swim fins is $$35$ per pair.

b$.$ All sales are on account. Based on the experience, the company has learned that $40\%$ of a month of sales are collected in the month of sale, another $50\%$ are collected in the month following sale, and the remaining $10\%$ are collected in the second month of sale. May sales totaled $ $147,000$ and June Sales $$122,500.$

You are required to prepare the following budgets

Budgeted sales in Dollars.

Schedule of Expected cash collection

Cobadula of Evmontad aqsh collection

Expected cash collections