Budget from Budgeted Transactions McCall Company anticipates a cash balance of \($100,000\) on July 1, 2019. The following budgeted transactions for July 2019 present data related to anticipated cash receipts and cash disbursements: 

1. For July, budgeted cash sales are \($72,000\) and budgeted credit sales are \($600,000\). (Credit sales for June were \($550,000.)\) In the month of sale, 40% of credit sales are collected, with the balance collected in the month following sale. 

2. Budgeted merchandise purchases for July are \($340,000\). (Merchandise purchases in June were \($290,000.)\) In the month of purchase, 70% of merchandise purchases are paid for, and the balance is paid for in the following month. 

3. Budgeted cash disbursements for salaries and operating expenses for July total \($200,000\). 

4. During July, \($30,000\) of principal repayment and \($5,000\) of interest payment are due to the bank. 

5. A \($25,000\) income tax deposit is due to the federal government during July. 

6. A new delivery truck will be purchased during July for \($7,000\) cash and a \($10,000\) note payable. Depreciation for July will be \($600\). 

Prepare a cash budget for McCall Company for the month of July 2019.