ABC Companys budgeted sales for June, July, and August are 15,600, 19,600, and 17,600 units respectively. The selling price for each unit is $17. Based on past experience, ABC expects that 25% of a months sales will be collected in the month of sale, 70% in the following month, and 2% in the second month following the sale. ABC Company has a cash balance of $43,000 on August 1 and requires a minimum ending cash balance of $38,000. Cash disbursements budgeted for August include inventory purchases, $45,000; other manufacturing expenses, $122,000; operating expenses, $60,000; bond retirements, $68,000; and dividend payments, $33,000. Required: Prepare a cash budget for ABC Company for August.