ABC Company's budgeted sales for June, July, and August are 15,800, 19,800, and 17,500 units respectively. The selling price for each unit is $18. Based on past experience, ABC expects that 30% of a month's sales wil be collected in the month of sale, 60% n the follow ng month, and 4% in the second month lo ng the sale ABC Company has a cash balance of $44,000 on August 1 and requires a minimum ending cash balance of $39,000. Cash disbursements budgeted for August include inventory purchases, $46,000; other manufacturing expenses, $123,000, operating expenses, $61,000, bond retirements, $69,000; and dividend payments, $34,000. Required: Prepare a cash budget for ABC Company for August August Beginning cash balance Cash Receipts: Total cash available Cash Disbursements Total cash disbursements Ending cash balance