Blue Spruce inc. has budgeted sales revenuesas fpllourk: Past eqperience indicates that SOS of the credit sales will be collected in the month of sale and the remaining 40% will be collected in the foblowine month. Purchases of irventory are all on acceunt with 50% in paid in the month of purchese and 50 s gaid in the month following purchase, Eudegted invent tery purchaies are as follows paid in )ubly and (i) purchase of equipment in August for $33,000cash eacels cast batarice. Fhe beginningcauh balance on July 1 was $50,000. Assume that borrowed money in thit case is for one month. Ineve asy answer feld blunk, Finter O for amsunts