Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2018: 

The company predicts that 5 percent of its credit sales will never be collected, 35 percent of its sales will be collected in the month of the sale, and the remaining 60 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase.

In March 2018, credit sales were $211,500 and credit purchases were $145,200. Using this information, complete the following cash budget:

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June April May |Credit sales |Credit purchases Cash disbursements Wages, taxes, and expenses Interest Equipment purchases $336,900 $314,500 $378,400 134,100 152,400 180,300 48,910 62,300 11,320 67,600 11,320 11,320 79,900 122,000 April May June Beginning cash balance Cash receipts Cash collections from credit sales Total cash available |Cash disbursements Purchases Wages, taxes, and expenses Interest Equipment purchases Total cash disbursements Ending cash balance $121,000