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ABC Company has a cash balance of $ 3 0 , 0 0 0 on August 1 and requires a minimum ending cash balance of

ABC Company has a cash balance of $30,000 on August 1 and requires a minimum ending cash balance of $19,460. Cash receipts from sales budgeted for August are $215,460. Cash disbursements budgeted for August include inventory purchases, $30,000; other manufacturing expenses, $71,000; operating expenses, $50,000; bond retirements, $55,000; and dividend payments, $20,000.
Required:
Prepare a cash budget for ABC Company for August.

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