10 Required information [The following information applies to the questions displayed below] Part 2 of 2 Built-Tight is preparing its master budget. Budgeted sales and cash payments follow: 3 points July 57,000 August $ 73,000 September 55,000 Budgeted sales Budgeted cash payments for Direct materials Direct labor Overhead 15,760 3,640 19,800 13,040 2,960 16,400 13,360 3,040 16,800 eBook Sales to customers are 20% cash and 80% on credit. Sales in June were $54,500. All credit sales are collected in the month following the sale. The June 30 balance sheet includes balances of $43,000 in cash and $4,600 in loans payable. A minimum cash balance of $43,000 is required Loans are obtained at the end of any month when the preliminary cash balance is below $43,000. Interest is 1% per month based on the beginning-of-the-month loan balance and is paid at each month-end. Any preliminary cash balance above $43,000 is used to repay loans at month-end. Expenses are paid in the month incurred and consist of sales commissions (10% of sales), office salaries ($3,600 per month), and rent ($6,100 per)

What is the beginning cash balance for September, and the Preliminary cash balance for September?