Additional information provided is as follows:

$($i$)$ Sales for June and July of the current year were $$40,000$ and $$45,000$ respectively.

$($ii$)$ Sixty $(60\%$ percent of sales will be for cash; $30\%$ will be collected in the first month

following the sale; and the remaining $10\%$ will be collected in the second month

following the sale.

$($iii$)$ Raw material purchases are settled a month after purchase. Each month's purchases is

shown below:

$($iv$)$ Wages total $$5,400$ monthly.

$($v$)$ Other expenses are $$1,500$ in August but is expected to increase by $$500$ each month;

$($vi$)$ Equipment costing $$20,000$ will be ordered in August. A deposit of $25\%$ of the cost will

be required at the time of the order, with the balance payable at delivery three months

later.

$($vii$)$ Income tax of $$7,500$ is due in September, at the end of the quarter.

$($viii$)$ The company's starting cash balance on August $1$ will be $$12,000$; however, a new

minimum balance of $$20,000$ will be applied going forward.

$($ix$)$ Short$-$term credit is arranged at an interest rate of $18$ percent per annum month to be paid

monthly. The interest on any short$-$term borrowing is paid in the month after it is

incurred.

Required: Prepare St Lucia's LLC cash budget for August to September $2017.$