ABC Company's budgeted sales for June, July, and August are 12,000, 16,000, and 14,000 units. The selling price for each unit is $18. Based on past experience, ABC expects that 30% of a month's sales will be collected in the month of sale, 60% in the following month, and 8% in the second month following the sale. ABC Company has a cash balance of $25,000 on August 1 and requires a minimum ending cash balance of $20,000. Cash disbursements budgeted for August include inventory purchases. $40,000; other manufacturing expenses, $98,000; operating expenses. $76,200; bond retirements. $50,000; and dividend payments. $15,000. Prepare a cash budget for ABC Company for August