0 Problem 4 Scores Available 15 Scores Received Dhaka Company has provided the following sales estimates: March April Total Budgeted Sales $50,000 $70,000 June May $90,000 $60,000 Sales are made 60% for cash and 40% on account. 70% of the credit sales are collected in the month of sale, 20% in the month following sale, 8% in the second month following sale, and 2% are uncollectiable. Cash balance at the beginning of June was $6,000 and they want to end June with a cash balance of $10,000. Expenditures for June total $77,000 including a depreciation expense of $9,000. They pay dividends worth $5,000 to their shareholders each month. In June, an equipment will be purchased for $20,000 and 50% of the purchase price will be cleared in cash. The remaining balance will be paid in July. Part 4.1 Scores Available 5 Scores Received Computer budgeted cash receipts for June. Part 4.2 Scores Available 10 Scores Received Prepare a cash budget for June. (They will not pay any interest in June.)