ABC Company has a cash balance of $$20,000$ on August $1$ and requires a minimum ending cash balance of $$14,920.$ Cash receipts from sales budgeted for August are $$305,120.$ Cash disbursements budgeted for August include inventory purchases, $$41,000$; other manufacturing expenses, $$125,000$; operating expenses, $$77,200$; bond retirements, $$51,000$; and dividend payments, $$16,000.$

Required:

Prepare a cash budget for ABC Company for August.

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