4 Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2018 10 points May $320,000 $300,000 $360,000 April June Credit sales Credit purchases 128,000 151,000 176,000 Skipped Cash disbursements Wages, taxes, and 44,000 11,500 63,000 expenses 11,000 11,000 11,000 Interest Equipment purchases 80,000 150,000 The company predicts that 5 percent of its credit sales will never be collected, 30 percent of its sales will be collected in the month of the sale, and the remaining 65 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase Hint Print In March 2018, credit sales were $190,000 and credit purchases were $130,000. Using this information, complete the following cash budget: (Do not round intermediate calculations. Leave no cells blank be certain to enter "O" wherever required.) April June Beginning cash balance Cash receipts 123,000 Cash collections from credit sales Total cash available Wages, taxes, and expenses Interest Equipment purchases Total cash disbursements Ending cash balance