ABC Company has a cash balance of $29,000 on August 1 and requires a minimum ending cash balance of $18,240. Cash receipts from sales budgeted for August are $231,240. Cash disbursements budgeted for August include inventory purchases, $44,000; other manufacturing expenses, $75,000; operating expenses, $50,000; bond retirements, $54,000; and dividend payments, $19,000.

Required: Prepare a cash budget for ABC Company for August.