a. Cash balance on June 1 is $1,236. b. Actual sales for April and May are as follows: April $18,000 Total sales 38,900 and 20% in the third month. The sales collected in average 66% of a month's total The remaining 80%re paid for in the following month. $4,500 salary paid to the owner t. Rent is $4,200 per month g. Taxes to be paid in June are $6,780. Required: numbers. Cash Budget For June Cash sales Credit sales Current month 40|V% sales 301 v % 10, 57,632>x Less Less disbursements: Inventory purchases: Current month a( 46,464) x x( 9,874) x 201 v % 9,874 X Prior month 33,920 X x Salaries and wages Rent Taxes 11,750 4,200 6,780 Total cash needs 54,859 X Excess of cash available over needs 1,662 X