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. Beginning cash balance Cash Receipts: Total cash available Cash Disbursements: August Total cash disbursements Ending cash balance