From the information following for Cato’s Catering, prepare a cash budget for 6 months commencing April 1:

■ Assume that all sales are cash sales.
■ The annual interest of $1,600 on the restaurant’s marketable securities will be received in July.

■ The time delay in paying suppliers for food and beverage purchases is two months. For example, February purchases are paid in April.
■ Wages are paid without any time delay.
■ Other expenses are paid with a one-month delay.
■ In May, new kitchen equipment will be purchased for $10,000. Payment for this will be made in the following month.
■ The restaurant’s cash available on April 1 is $30,000.LO1

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Sales Revenue Purchases Other Food Beverage Food Beverage Wages Expenses February $30,000 $ 9,000 $12,000 $4,400 $12,000 $10,300 March 31,000 9,600 12,500 4,800 12,400 10,400 April 34,000 10,800 13,600 5,400 13,000 10,800 May 35,600 12,600 14,000 6,400 13,800 11,200 June 46,000 13,800 14,600 6,800 15,000 11,600 July 50,000 16,200 16,600 8,200 14,800 11,400 August 45,000 14,200 14,600 7,200 13,400 10,600 September 40,800 13,000 14,200 6,400 12,200 10,200