Minot Corporation is preparing its cash budget for August. The following information is available concerning its accounts receivable: Estimated credit sales for August$180,000 Actual credit sales for July$135,000 Estimated collections in August for credit sales in August 20% Estimated collections in August for credit sales in July 75% Estimated collections in August for credit sales prior to July$14,400 Estimated write-offs in August for uncollectible credit sales$7,200 Estimated provision for bad debts in August for credit sales in August$6,300 Required: What is the estimated amount of cash receipts from accounts receivable collections in August