Suppose that the Sales in December 2019 were 26,630. The sales are expected to grow by 7% in January 2020, by 5% in February 2020, and by 5% in March 2020. After that, the sales are expected to grow by 11%.
The company's cash collection is as follows: 71% is collected in the same month and the remainder in the next month.
What is the cash collection for July, 2020?
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