Ballentine Company expects sales for June, July, and August of $66,000, $72,000, and $62,000, respectively. Experience suggests that 30% of sales are for cash and 70% are on credit. The company collects 50% of its credit sales in the month following sale, 45% in the second month following sale, and 5% are not collected. What are the company's expected cash receipts for August from its current and past sales?