Blue Spruce, inc has budgeted sales reverues as follows: Past experience indicates that 60% of the credit sales will be collected in the month of sale and the remaining 40% will be collected in the following month. Purchases of inventory are allon account with 505 is paid in the month of purchase and 50 paid in the month following purchase. Budgeted irventory purchases are as follows Other cash disbursements budgeted: (a) selling and admintstratwe ecpenses of $47,000 eachmonth, (b) dividends of $110,000 will be paid in July, and (c) purchase of equipment in August for $37,000 cash. The company/s policy is to maintain a minimum cash balance of $50,000 at the end of each month The company borrows money from the bank at 60. interest if necessary to maintan the minimum cash balance. Borrowed money is repaldin months when there is an excess cash balance. The beginning cash balance on July 1 was $50,000. Assume that borrowed money in this case is for one month. answer field blank. Enter O for amounts)