ABC Corporation is preparing its cash budget for the next quarter. The company's beginning cash balance is $50,000. Sales revenue for the quarter is projected to be $200,000. The company expects to collect 80% of sales in the same quarter. Operating expenses for the quarter are estimated at $120,000, of which 70% will be paid in cash. Additionally, the company plans to purchase new equipment for $30,000. Prepare ABC Corporation's cash budget for the next quarter.