ABC Company has a cash balance of $$38,000$ on August $1$ and requires a minimum ending cash balance of $$27,696.$ Cash receipts

from sales budgeted for August are $$207,696.$ Cash disbursements budgeted for August include inventory purchases, $$30,000$; other

manufacturing expenses, $$56,000$; operating expenses, $$41,000$; bond retirements, $$63,000$; and dividend payments, $$28,000.$

Required:

Prepare a cash budget for ABC Company for August.