ABC Company has a cash balance of $35,000 on August 1 and requires a minimum ending cash balance of $26,080. Cash receipts from sales budgeted for August are $234,080. Cash disbursements budgeted for August include inventory purchases, $27,000; other manufacturing expenses, $90,000; operating expenses, $41,000; bond retirements, $60,000; and dividend payments, $25,000. Required: Prepare a cash budget for ABC Company for August