Budget from Budgeted Transactions Prepare a cash budget for the month ended May 31, 2019. Campton Company anticipates a cash balance of \($84,000\) on May 1, 2019. The following budgeted transactions for May 2019 present data related to anticipated cash receipts and cash disbursements: 

1. For May, budgeted cash sales are \($60,000\) and budgeted credit sales are \($500,000\). (Credit sales for April were \($450,000.)\) 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 May are \($280,000\). (Merchandise purchases in April were \($240,000.)\) 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 May total \($165,000\). 

4. During May, \($25,000\) of principal repayment and \($4,000\) of interest payment are due to the bank. 

5. A \($20,000\) income tax deposit is due to the federal government during May. 

6. A new delivery truck will be purchased during May for \($6,000\) cash and an \($8,000\) note payable. Depreciation for May will be \($500\). 

Prepare a cash budget for Campton Company for the month of May 2019.