5 points Razan Company has the following information during the month of June 2020 Cash Balance, May 31 $45.000 Dividends paid in June 12,000 Cash paid for operating expenses in June 36,500 Equipment depreciation expense in June 4,500 Patent amortization expense in June 2,000 Cash collections on sales in June 112,500 Merchandise purchases paid in June 86,200 Purchase equipment for cash in June 17.500 Sales commission (50% paid in June) 30.500 Raran Company wants to keep a minimum cash balance of $10.000. Assume that borrowing cows at the beginning of the month occurred of the Monthly interest of 1% is paid in cash at the end of each month when debt is outstanding Betong and teamed out in mytes of 51.000 Required: Prepare a cash budget for June